As we will likely hear more about interest rates in the coming days I wanted to share some recent real world experiences in the Commercial Lending Space. 

I work closely with several local credit unions and commercial mortgage brokers and rates were dramatically higher just 30-60-90 days ago. 

I have several commercial transactions pending and as recently as this week clients are obtaining much improved terms:

- 25% down on a 20+ unit apartment complex at 5.5% Down 25 year amortization. 

- 25% down on a 20k SF Warehouse at 6% 25 year amortization. 

- 30% down on 200+ storage unit complex 

Earlier this summer those rates were approaching 7.5-8%

We anticipate a very active fourth quarter.