{"id":1004211717,"date":"2010-09-10T00:00:00","date_gmt":"2010-09-10T08:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/cpe-uncategorized\/life-companies-spreads-narrow\/1004211717.html"},"modified":"2022-12-05T06:23:41","modified_gmt":"2022-12-05T14:23:41","slug":"life-companies-spreads-narrow","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/life-companies-spreads-narrow\/","title":{"rendered":"Life companies spreads narrow"},"content":{"rendered":"

By: James DuMars, Phoenix office managing director-NorthMarq Capital<\/p>\n

\"\"<\/a>The gloves are off as several life companies lowered their rates below 5% in order to compete for loans against Class A apartment communities and institutional industrial. \u00a0We\u2019ve seen rates as low as 4.45%\u00a0fixed for 10 years for low leverage loan requests on multifamily. \u00a0Let me emphasize that these are for large loans against Class A multifamily in solid locations across the US. \u00a0<\/p>\n

However, the trend of narrowing spreads continues as life companies seek out opportunities to deploy capital on quality assets and multifamily is at the top of many companies\u2019 lists of property types they\u2019re underweight on. \u00a0It\u2019s simply supply and demand and capital is piling up at the life companies as the agencies have been the dominant lending force the past couple years in the multifamily space. \u00a0The narrowing spread trend has also spilled over to the industrial sector as well for large low leverage loans in healthy markets. \u00a0One life company recently quoted 4.75% for a low loan request on an institutional quality industrial project. \u00a0This is a positive trend and one could deduce that it will eventually spread to other assets as competition to deploy capital mounts.<\/p>\n

James DuMars, managing director\/senior vice president for NorthMarq Capital\u2019s office in Phoenix, has more than 20 years of experience resolving complex commercial financing issues. Contact James at (602) 508-2206 or <\/em>jdumars@northmarq.com<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By: James DuMars, Phoenix office managing director-NorthMarq Capital The gloves are off as several life companies lowered their rates below 5% in order to compete for loans against Class A apartment communities and institutional industrial. \u00a0We\u2019ve seen rates as low as 4.45%\u00a0fixed for 10 years for low leverage loan requests on multifamily. \u00a0Let me emphasize…<\/p>\n","protected":false},"author":271,"featured_media":1004506355,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004211717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-blog"],"acf":[],"yoast_head":"\nLife companies spreads narrow - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/life-companies-spreads-narrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life companies spreads narrow\" \/>\n<meta property=\"og:description\" content=\"By: James DuMars, Phoenix office managing director-NorthMarq Capital The gloves are off as several life companies lowered their rates below 5% in order to compete for loans against Class A apartment communities and institutional industrial. \u00a0We\u2019ve seen rates as low as 4.45%\u00a0fixed for 10 years for low leverage loan requests on multifamily. \u00a0Let me emphasize…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/life-companies-spreads-narrow\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-09-10T08:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T14:23:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/james-dumars-blog5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"150\" \/>\n\t<meta property=\"og:image:height\" content=\"204\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Camelia Bulea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-companies-spreads-narrow\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-companies-spreads-narrow\\\/\"},\"author\":{\"name\":\"Camelia Bulea\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/71754b36bc1882cf2fc692fe215d26c7\"},\"headline\":\"Life companies spreads narrow\",\"datePublished\":\"2010-09-10T08:00:00+00:00\",\"dateModified\":\"2022-12-05T14:23:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-companies-spreads-narrow\\\/\"},\"wordCount\":236,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-companies-spreads-narrow\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/james-dumars-blog5.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-companies-spreads-narrow\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/life-companies-spreads-narrow\\\/\",\"name\":\"Life companies spreads narrow - 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