Posted by Ricky on December 19, 2006 at 10:37:31:
Area is Pineville, Louisiana
10 year Treasury Loan - Posted by Ricky(LA)
Posted by Ricky(LA) on December 14, 2006 at 20:56:04:
Has anybody financed a loan based on the 10 year treasury, I currently have a loan @ 7.75 for a 3 year lock and 20 year term. Loan balance of 445k and secured by Self Storage with good cashflow, have heard some good and bad about this type of loan.
Thanks for your input
Re: 10 year Treasury Loan - Posted by wes
Posted by wes on December 15, 2006 at 03:50:23:
If you only deal with banks, you will usually not see loans based on the 10 year Treasury Note Yield.
However, it is Very Common with Non-Bank lenders.
Not sure what you might find good or bad. Some banks use the Prime Rate as a basis for their commercial loans and it is currently at 8.25%,
The 10 year Treasury is currently less than 5% so those Non-Bank lenders that use it as their basis for lending are in a position to offer better rates than the banks using Prime Rate.
This is not always the case but in the current interest rate environment it is…
Re: 10 year Treasury Loan - Posted by daniel jones
Posted by daniel jones on December 18, 2006 at 24:33:55:
lookin for a real hard money lender for fixer uppers
Re: 10 year Treasury Loan - Posted by wes
Posted by wes on December 19, 2006 at 05:35:39:
Since many if not most Hard Money Lenders are Local, It would help if you post at least the state as well as the approximate area you will be working…