Case Studies
Real-world examples of how commercial real estate borrowers have navigated interest rate challenges, defeasance decisions, and hedging strategies.
Fixed vs Floating Revisited
Swaps have some benefits that are often overlooked.
Cap Costs - More Room to Fall
Cap costs are down 50% from the peak and could fall further.
Cap Strike Audit - High or Low?
Deeply in the money cap strikes have proved the most beneficial as rate expectations started climbing in late 2020.
When Should I Extend My Cap?
Many borrowers with upcoming hedge maturities wonder if they should trade today or wait until closer to maturity.
If I Can Lock in Fixed Below My Floating Rate - Should I?
An inversion is usually the absolute worst time to lock in a fixed rate.
Don't Underestimate the Prepayment
With cap pricing up and the curve flat, many borrowers who traditionally opt for floating debt may be leaning towards fixed.
Fixed vs. Float Analysis
Fixed vs Float Analysis - Financial Resources | Pensford
Negative Swap Spreads
10 year swap spreads turned negative in early 2010, but it was short lived. Then swap spreads went negative and borrowers started paying attention.
Yield Curve Inversion Study
Yield Curve Inversion Study analyzes the market as it becomes dubious about the continued growth of the economy, the 10T begins to stall and may even fall.
Refi Analysis
Refi Analysis | Pensford, LLC
The Hidden Cost of Fixed Rate Debt
The Hidden Cost of Fixed Rate Debt | Pensford, LLC