December 7, 2021
Prime Rate
3.25%
0.10%
1.38%
1.48%

Posts in Capital Markets Updates

Capital Markets Update - January 2021

As we all begin a new (and hopefully better) year in 2021, the team at Essex is keeping its eye on several important trends in the commercial mortgage markets that we’ve identified after having conversations with lenders and marketing a variety of new loan requests. Some of these trends are a continuation from what we saw in the second half of 2020, but others reflect the patient approach of lenders to the economic recovery.  Multifamily and industrial loans continue to be in high demand, with lenders offering the lowest rates and best terms for these property types. While rates have increased slightly from late 2020 lows, it is not uncommon for interest ra...

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Capital Markets Update - September 2020

Activity in the capital markets has significantly increased as we near the end of summer and as lenders and borrowers settle in to a “new normal”.  Lenders still have a strong demand for commercial mortgages and are actively lending on all major property types. Most of the activity has come from refinance requests as property owners seek to capitalize on interest rates that have moved lower since the start of the pandemic.  Competition for mortgages is increasing, and borrowers are set to reap the benefits.   The team at Essex has been actively marketing a variety of new loan requests in recent weeks, and has identified the following trends: Multif...

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