2017 Volume
Freddie Mac
Fannie Mae
Life Insurance
In Servicing
Transactions
The Lorem Ipsum Difference
I am Vice President of Production in Lorem Ipsum’s San Diego Office and specialize in analyzing, negotiating and executing the best capital solutions for my clients. Founded in the 1960’s, Lorem Ipsum has over 100 producers in 37 offices coast-to-coast, giving my colleagues and I local insight into virtually every US metro. We are a correspondents for more than 50 life insurance companies, a direct lender for Freddie Mac and Fannie Mae, and maintain strong relationships with dozens of CMBS lenders, banks, and equity investors.
With an annual production volume of more than $13 billion and a loan servicing portfolio of $52 billion on behalf of more than 50 institutional investors, we are the nation’s largest privately held provider and servicer of commercial real estate debt and equity.
Multifamily Rates
Freddie Mac-Conventional
| Loan Size | TERM | LTV | DSCR | SPREAD | RATE |
| $1mm+ | 15-Year | 65% | 1.35x | 153-173 | 4.64%-4.84% |
| $1mm+ | 12-Year | 65% | 1.35x | 148-168 | 4.57%-4.77% |
| $1mm+ | 10-Year | 55% | 1.55x | 122-142 | 4.30%-4.50% |
| $1mm+ | 10-Year | 65% | 1.35x | 138-158 | 4.46%-4.66% |
| $1mm+ | 10-Year | 80% | 1.25x | 163-183 | 4.71%-4.91% |
| $1mm+ | 7-Year | 55% | 1.55x | 116-136 | 4.20%-4.40% |
| $1mm+ | 7-Year | 65% | 1.35x | 143-163 | 4.47%-4.67% |
| $1mm+ | 7-Year | 80% | 1.25x | 168-188 | 4.72%-4.92% |
| $1mm+ | 7-Year ARM | 80% | 1.25x | 163-183 | 4.67%-4.87% |
| Non-Recourse | 30 Year Amortization | Assumable | |||||
Fannie Mae-Conventional
| Loan Size | TERM | LTV | DSCR | SPREAD | RATE |
| $1mm+ | 15-Year | 65% | 1.35x | 165-180 | 4.76%-4.91% |
| $1mm+ | 12-Year | 65% | 1.35x | 151-166 | 4.60%-4.75% |
| $1mm+ | 10-Year | 55% | 1.55x | 131-146 | 4.39%-4.54% |
| $1mm+ | 10-Year | 65% | 1.35x | 146-161 | 4.54%-4.69% |
| $1mm+ | 10-Year | 80% | 1.25x | 161-181 | 4.69%-4.89% |
| $1mm+ | 7-Year | 55% | 1.55x | 130-145 | 4.34%-4.49% |
| $1mm+ | 7-Year | 65% | 1.35x | 145-160 | 4.49%-4.64% |
| $1mm+ | 7-Year | 80% | 1.25x | 160-180 | 4.64%-5.37% |
| $1mm+ | 7-Year ARM | 75% | 1.00x | 213-233 | 5.17%-5.37% |
| Non-Recourse | 30 Year Amortization | Assumable | |||||
Life Insurance
| TERM | AMORTIZATION | LTV | SPREAD | RATE |
| 5-Year | 25-30 | 50%-65% | 120-145 | 4.16%-4.41% |
| 5-Year | 25-30 | 65%-75% | 130-180 | 4.26%-4.76% |
| 10-Year | 25-30 | 50%-65% | 115-135 | 4.23%-4.43% |
| 10-Year | 25-30 | 65%-75% | 135-180 | 4.43%-4.88% |
| 15-Year | 15-25 | 50%-65% | 115-135 | 4.24%-4.44% |
| 15-Year | 15-25 | 65%-75% | 130-180 | 4.39%-4.89% |
| Longer | Fully Amortizing | 65%-75% | 130-180 | 4.41%-4.91% |
| 1.5-yr & 10-yr floor rates range from 3.50%-4.40% | ||||
FHA—223(f) REFINANCING
| TERM | AMORTIZATION | LTV | SPREAD | RATE |
| 35-Year | 35 | 85% | 1.176x | 4.30% |
| Non-inclusive of MIP | ||||
CMBS
| TERM | AMORTIZATION | LTV | SPREAD | RATE |
| 5-Year | 30 | 65%-75% | 245-295 | 5.41%-5.91% |
| 10-Year | 30 | 65%-75% | 180-210 | 4.88%-5.18% |
Download Current Rates
Green Program Discount:* 10-30 bps reduction in spread is available for water OR energy savings of 25%
The Process
Submit Application
We will review your application within 24 hours
Underwriting
We will spend 24 to 48 hours underwriting and packaging your loan for a quote
Term Sheet
We work with you to fine-tune the terms you’re looking for
Due Diligence
After a term sheet is signed, we will work with you through closing in 30 to 45 days
Closing
We service the majority of loans we close and are with you through the life of the loan