CalHFA Multifamily Interest Rates


Programs 1 No Forward 1 Year Forward 2 Year Forward
Acquisition/Rehabilitation Loan2

Rehabilitation(4)(5)

2 year UST = 1.75%3

2 Year UST + 1.75% to 2.50% N/A N/A

Permanent

10 year UST = 2.34%3

N/A 10 Year UST + 2.10% to 2.85% 10 Year UST + 2.20% to 2.95%
Permanent Loan 2

Permanent

10 year UST = 2.34% 3

10 Year UST + 1.85% to 2.60% 10 Year UST + 2.10% to 2.85% 10 Year UST + 2.20% to 2.95%
Small Loan 4

Short Term

2 year UST = 1.75% 3

2 Year UST + 1.75% to 2.50% N/A N/A

Permanent

10 year UST = 2.34% 3

10 Year UST + 2.05% to 3.05% 10 Year UST + 2.30% to 3.30% 10 Year UST + 2.40% to 3.40%

Notes:

1) Assumes funds are to be drawn up-front. All-in rates include mortgage insurance premium, cost of issuance, project monitoring fee.
2) CalHFA utilizes Federal Financing Bank Loan (FFB) for permanent loan funding. Permanent loan does not utilize tax-exempt financing.
3) Rates provided by U.S. Department of the Treasury - Daily Treasury Yield Curve Rates as of 11/24/17.
4) CalHFA is required to be conduit issuer for short term Construction or Rehabilitation Loan.
5) Interest Only, Up to 24 Months

Disclaimer: For information and discussion purposes only. All information herein is indicative, and subject to changes in market conditions, credit evaluations, and other factors. Some of the information is based on generally available information and, although obtained from sources CalHFA believes to be reliable, may be inaccurate or incomplete. This communication does not constitute an offer or solicitation to purchase or sell any financial instrument or other product. The indicative rates and terms do not fully represent the material information necessary to analyze the products. To find out more, please contact Ruth Valkili, 916.326.8816, rvakili@calhfa.ca.gov.