Press release early rate lock -social media
Terrace Capital, a full service real estate investment bank, launches an Early Rate Lock Program for its commercial mortgage platform.
Published on: Mar 4, 2016
Transcripts - Press release early rate lock -social media
FOR IMMEDIATE RELEASE
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Terrace Capital Announces an Early Rate Program for Commercial Mortgages.
Terrace Capital, a full service real estate investment bank, unveils an Early Rate lock program
for non-recourse, commercial mortgages, which will be applicable to all property types in its
Permanent debt program.
New York, New York – May 6, 2015 - Terrace Capital, a full service real estate investment
bank, launches an Early Rate Lock Program for its commercial mortgage platform. Mortgage
rates are on the rise, as the ten year treasury yield rose approximately 33bps since a recent low of
1.85% on April 15th. Mortgage rates are increasing due to inflationary pressures resulting from
improving economic indicators, such as the Institute for Supply Management services index
which rose to 57.8 last month from 56.5 in March. Other influential forces include the price of
oil, with gains to above $61/ barrel, adding fuel to the fire for a potential rate hike from the
A spokesperson for Terrace Capital indicated that its multifamily finance program has gained
considerable traction in the last month, as Freddie Mac and Fannie Mae increase their servicing
& guaranty fees and now approach the cap placed on their lending capacity. Terrace is now
winning multifamily deals on a consistent basis, as the Fannie/ Freddie rates are higher than what
can be deliver by Terrace Capital Multifamily Finance platform.
Terrace Capital focuses on non-recourse, high leverage senior & subordinate debt and preferred
equity with investments starting at $5MM on income producing retail, office, industrial,
multifamily, self-storage and hospitality properties located throughout the United States.
The Firm is a leader in providing permanent mortgages and equity for wide range of real estate
For more information about Terrace Capital and the services it provides, go to