May 26 • Banter
This Past Week’s Industrial Debt Pricing Snapshot
Some real debt pricing we saw this past week across a few different executions:
- Bridge: $18.5MM — SOFR + 200; FTIO
- Bridge: $11MM — SOFR + 275; FTIO
- Regional bank: $1.4MM — 5.75% fixed
- Life co: $22MM — 5Y UST + 140; 5 years IO
- Life co: $3.9MM — 5Y UST + 160; 2 years IO
- CMBS: $18MM — 5Y UST + 235; FTIO
- CMBS: $60MM — 5Y UST + 225; FTIO
Pricing is only part of the story right now. Structure is driving a lot of executions:
- leverage
- recourse
- IO
- cash management
- reserves/flexibility
Interesting to see how wide the spread can be depending on sponsorship, asset quality, and lender appetite.
Curious what others are seeing in today’s market.
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This Past Week’s Industrial Debt Pricing Snapshot
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