| |
|
|
|
|
| |
|
|
February 2015
| | Jason Hochman Vice President Debt & Structured Finance T: +1 305 381 6439
jason.hochman@cbre.com
Website Resume
Steven Okon Senior Financial Analyst T: +1 561 393 1618
steven.okon@cbre.com Website
Heidi Peckhaus Client Services Coordinator T: +1 561 393 1670 heidi.peckhaus@cbre.com
Website
________________________
Local Offices:
CBRE Capital Markets DSF | Miami Office
777 Brickell Ave., Suite 900
Miami, Florida 33131 T +1 305 381 6439 F +1 305 381 6462
CBRE Capital Markets DSF | Boca Raton Office
5100 Town Center, Suite 600
Boca Raton, Florida 33486 T +1 561 393 1614 F +1 561 393 8122
________________________
CBRE, Inc.
Licensed Real Estate Broker |
Interest Rate Movement – the continuing debate about when the Federal Reserve may raise interest rates has continued in 2015. Last month the Federal Reserve voted not to raise interest rates, but the discussions leading to that decisions showed some levels of trepidation. The January meeting minutes, which were released this past Wednesday, showed concern by a few Open Market Committee members regarding when to start normalizing monetary policy. Ultimately, the majority’s sentiment indicated a tightening is not expected anytime soon.
That said, the 10-year treasury rate, which was hovering near 2.25% for much of December, dipped to a twenty month low below 1.70% in January and early February, only to rise again to 2.12% where it sits today. We anticipate stability in the near future, but as seen in the past, economic and political news, both foreign and domestic, can send rates on an upward trend at any time.
|
Prime |
5-Yr T |
10-Yr T |
1-M Libor |
DJ Avg. |
02/20/15 |
3.25% |
1.60% |
2.12% |
0.17% |
18,140 |
01/20/15 |
3.25% |
1.29% |
1.79% |
0.17% |
17,515 |
Year Ago |
3.25% |
1.54% |
2.75% |
0.16% |
16,133 |
Interest Rate Projections* |
|
1Q 2015 |
2Q 2015 |
3Q 2015 |
4Q 2015 |
1Q 2016 |
2Q 2016 |
10-Y Treasury Avg. |
2.01% |
2.22% |
2.44% |
2.64% |
2.84% |
3.02% |
1-M Libor Avg. |
0.28% |
0.40% |
0.64% |
0.91% |
1.21% |
1.53% |
Average 10-Year Treasury Chart | | | xxx |
*source: Bloomberg News Monthly Survey, February 12, 2015
|
:: |
New Late-Pays Hit Post-Recession Low
globest.com -- New delinquencies of CMBS hit a post-recession monthly low in January, Fitch Ratings says. That being said, the ratings agency has also flagged a possible pitfall in the higher levels of credit enhancement for new CMBS as deal metrics decline... Click here to read more
|
|
|
|
:: |
CMBS Market on the Upswing after Slow 2015 Start
nreionline.com -- The U.S. CMBS market is gaining momentum in February, after a slow start in the first month of the year. January proved a disappointing month for the CMBS sector, with $3.5 billion in new issuance, according to Commercial Mortgage Alert, an industry publication... Click here to read more
|
|
|
| Oakland Park Industrial Center Our team arranged the sale of Oakland Park Industrial Center, an industrial portfolio consisting of seven multi-bay warehouses totaling 145,260 square feet, located in Oakland Park, FL. OPIC, LLC, acquired the portfolio from GMACK, LLC, for $7,777,040. CBRE represented the seller in the transaction. The financing was a non-recourse, CMBS loan in the amount of $6,100,000 (78.6% of the purchase price) with a 10-year term at a low interest rate.
“We worked to secure a lender who provided both the best terms and the greatest certainty of closing. Our client worked diligently with us and the lender during a quick due diligence period to close on time.” -- Jason Hochman
Click here for the press release |
Recently closed deals
|
|
Deal |
Asset Type |
SF |
Financing |
Loan Type |
Press Release |
|
|
Flagler West Corporate Park
Miami, Florida |
Office |
126,004 | $20,750,000 | CMBS/Mezzanine | | | |
Metrocentre Corporate Center West Palm Beach, Florida |
Office |
105,159 SF | $7,000,000 | Bridge Loan | | | |
Intl Park & Blue Lake Center
Birmingham, Alabama |
Office |
377,921 | $41,190,000 | CMBS | | | |
Oakland Park Industrial Center
Oakland Park, Florida |
Industrial |
145,260 | $6,100,000 | CMBS | | | |
Congress Office Park
Delray Beach, Florida |
Office |
53,843 | $5,500,000 | Life Company | | | |
Jupiter Medical & Tech Park
Jupiter, Florida |
Medical/Office |
185,000 | $27,000,000 | Bridge Loan | | | |
AT&T Regional Training Center Fort Lauderdale, Florida |
Flex/Industrial |
79,412 |
$4,900,000 | Bridge Loan | | | |
Brandywine Centre I West Palm Beach, Florida |
Office |
69,715 |
$5,039,000 | Bridge Loan | | | |
Cascade Apartments Palm Beach Shores, Florida |
Multi-Housing |
11 Units |
$650,000 |
Bank/Permanent |
|
|
|
Wells Fargo Delray Beach, Florida |
Office |
15,890 |
$1,775,000 |
Bank/Owner-Occupied |
|
|
|
Our team provides “institutional” quality service to South Florida’s private real estate investors. Clients enjoy our experience, lender contacts and ingenuity in creating solutions for their financing needs. We place our clients first and provide personalized service to ensure they get the best loan terms for their investments.
If you are evaluating an acquisition, have a loan maturing over the next year or can pre-pay an existing loan without much penalty, feel free to contact us to evaluate the various opportunities available including those mentioned below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property Types |
Loan Types |
Features |
|
|
|
|
|
|
|
|
|
• Multi-Family/Apts.
• Office
• Industrial
• Retail
• Hospitality/Hotels |
• Permanent
- Life companies
- Conduit (CMBS)
- Banks
• Bridge Loans |
• Non-recourse (no guaranties)
• Flexible Prepayment
• Fixed Low Rates
• Amortization Options
including interest only |
|
|
|
|
|
|
|
|
|
|
• Mezzanine Loans |
|
|
|
|
|
|
|
|
|
|
|
• Construction/ Development |
| |
|
|
.
| Market Reports
| Global Research Gateway
| Online Resources | Contact Us
| |
Follow us on Twitter!
|
| |
|
|
|
|
You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330). Please consider the environment before printing this email. CBRE respects your privacy. A copy of our Privacy Policy is available online. If you have questions or concerns about our compliance with this policy, please email PrivacyAdministrator@cbre.com or write to Attn: Marketing Department, Privacy Administrator, CBRE, 200 Park Ave. 19-22 Floors, New York, NY 10166. Address: 777 Brickell Ave., Ste. 900 Suite 700, Miami FL 33131 THIS IS A MARKETING COMMUNICATION© 2024 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Licensed Real Estate BrokerCBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.
|
| |
|