| Picture As you may or may not know, bond and stock markets are forward-looking, meaning they react early to events. So yes, it seems a certainty that the Fed will lower rates ¼% this month, but rates have been coming down in advance of that for the last three (3) months.  The 10-year treasury has come down about ½% over the last 3 months. That lowers all the rates except rates tied to prime, but those will be going down as soon as the Fed lowers this month. Right now, we are seeing rates in the low 6’s for conventional owner-occupied deals, just quoted 6.05% on a three (3) year fixed with a 25-year amort, and if you can do a shorter amortization, that same quote would be 5.95%!!!!  Rates are in the upper 6’s for investor deals. Agency loans for multi-family are even better, coming in down in the low 5’s. They are not as low as they were in 2021, but they are beginning to come down, which should be good for the market in commercial real estate. The prime getting lower will help the SBA 7A loans and loans tied to prime.  People are starting to get aggressive, and the last two (2) weeks, we saw a huge influx of deals. So, despite some doom and gloom prognosticators (there are definitely signs of cracks in the economy), there is still a lot of money out there, and those that have it are actively looking to deploy it, so this bodes well for the economy. The amount of money available puts a buffer under the market.  Hope this encourages you today. Have an awesome week! If you’re ready to expand your footprint by acquiring a similar business in your area, let’s get the financing in place so you can make your move by giving Karen a call today at 512-358-1511 to discuss your commercial finance needs or get started by filling out this form! Karen Schimpf (512) 358-1511 karen@applycommercialloans.com www.ApplyCommercialLoans.com   P.S. Last month we closed two (2) loans in our private money fund…a $4 Million Golf Course deal (yes, we do special use properties) and a $1.8 Million warehouse in Buford. But our specialty is small balance deals, the ones no one wants to do, between $400,000 and $1,000,000. We can go to tertiary markets, we can do special use, and we can even do land loans. We close tons of SBA loans as well, with or without real estate. We are a full one-stop shop for the creativity you need to close more deals. DON’T KEEP LOSING DEALS DO TO FINANCING…give me a call today at 512-358-1511. P.S. Bridge Day Care/Automotive/Self Storage/Restaurants…… Yes We Do Them All!! $1MM to $50MM Acquisition to Refinance at 70% LTV |