Gonna be an interesting day. Day 2 of stock market plunge.
keep an eye on the following indexes
10 Year Treasury - What stabilized deals get purchased on or refinanced - take the number and add 2% (200 bips / bps)
5 Year Treasury - same as above except some loans uses the 5 years. Same 2% spread
2 Year Treasury - bridge loan use this for non stabilized deals alot of the time - about 3% (300 bps spread over the 2 year treasury)
SOFR - Distressed deals that need bridge loans use this index - about 3-4% over this number