Smaller investors.. what index do you borrow with?
For the guys on here that buy properties 1-4m, typically what index are you lending with? Prime? LIBOR? 10 year treasury? FHLB?

What’s the most common? Is 10 year treasury only for large corporations?
[{"id": "fk35od4", "text": "Look into Freddie\u2019s SBL program", "replies": [], "depth": 1}, {"id": "fk3lzm4", "text": "Libor + bps", "replies": [{"id": "fk3ni5k", "text": "How much are you borrowing to get LIBOR ?", "replies": [{"id": "fk3ppg6", "text": "It\u2019s what floating rate debt is based on.  It isn\u2019t desirable or undesirable except in your expectations of future interest rates.\n\nLIBOR is also being phased out over the next 1-2 years.", "replies": [{"id": "fk49wbt", "text": "Correct. Consensus view is that the industry will move to SOFR", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fk3pw7w", "text": "Federal Home Loan Bank of Boston (FHLBB) +200bps. Looking at just under 3.5% as of today", "replies": [], "depth": 1}, {"id": "fk3y7gx", "text": "The index is simply what the lender uses to determine the current capital market rates. As a borrower, you don\u2019t typically have a say in that, unless you\u2019re negotiating with a private party. Previous post about Freddie Mac\u2019s SBL is a good suggestion. More importantly, you can hire a good commercial mortgage broker for little or no cost to shop the market and help you find the best loan for your specific deal. I\u2019ve been doing this since\u201997... DM me if you\u2019d like some guidance. Happy to help. \n-Trevor", "replies": [], "depth": 1}, {"id": "fk3z6il", "text": "Prime.\n\nUsually protected from variable rates with an interest rate swap.", "replies": [], "depth": 1}, {"id": "fk45etc", "text": "We generally buy in cash, renovate in cash, and then finance once we're fully tenanted. Right now we're mostly doing 5 and 7 yr fixed at 185 bps above the corresponding T bill. Most have a floor around 3.6% but hoping they will reset those soon.", "replies": [], "depth": 1}]