Resources
White papers, case studies, and hedging strategy guides for commercial real estate borrowers navigating interest rate risk, defeasance, and prepayments.
Fund Level Hedging: Forward Starting Swaps
A forward starting swap is when a borrower locks a rate today for a hedge that begins in the future.
Fund Level Hedging: The Buy/Sell Swap
Most lenders that require a hedge can’t actually provide one. When borrowing floating from a debt fund, Agency, or other non-bank lender, if there’s a hedge, it’s almost always going to be a cap procured from a third party bank. What if you’d prefer a swap though?
Declining Flat % Swaps
Borrowers comparing term sheets often come across two options with similar terms – a balance sheet fixed rate and bank floater with a swap.
Cancellable Swaps 201
Now, let’s look at a less common structure – a cancellable swap where the borrower sells the right to terminate in the future.
Cancellable Swaps 101
Banks are back, rates are up, many hold periods are longer, and the volatility continues. A common topic of discussion when our clients are evaluating bank swaps is “What term should I go with?”
Fixed vs Floating Revisited
Swaps have some benefits that are often overlooked.
Get Rid Of Your Escrows - Buy Through Maturity
Purchase a rate cap through maturity—preserve liquidity, reduce monthly escrows, and even recoup excess reserves.
Swap and Save 0.20% or More
Swaps have some benefits that are often overlooked.
Lower Your Swap Rate Today - Blend and Extend
Learn how to lower your swap rate today through the blend and extend method!