Yield PRO TV Rate Desk May 22, 2020

May 22, 2020 edition of Yield PRO TV Rate Desk with Michael Thomas. Bridge loans: setting up for success with your business plan, timeline and COVID-19 mitigation.

Rate Desk Notes May 22, 2020
• DOW down, S&P/NASDAQ up
• Crude $33
• UST yields .66
• 223(f) 2.52%
• 221(d)(4) 3.11%
• Fannie 3.20%
• Freddie 3.20%
• Bridge loans:
o Business plan CapEx & line items
o Scope of repair timeline
o Detailed information
o Everything is a concern
o New normal: all COVID-19 mitigation efforts are important