"Underwriting is certainly more prudent (today) and marketconditions have slipped somewhat, particularly in the office andhotel sectors, both factors affecting new loan prospects," saysLarkin.
To get to the loan trove quickly, "it pays to have strongrelationships with capital providers or mortgage bankers" who canquickly underwrite and close on a new financing, the mortgagebanker says.
Treasury rates are at their lowest since the 1960s. The ratesare at 4.37% today, up from July 24 when they were at 4.31%. Thatwas a drop of 54 basis points in the last three weeks.
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