Welcome to your New Year! As I am surmising many may be slowly coming back to work this week, I will quickly provide this update.
As expected, the 10-year yield took a breather last week (moved slightly down from its recent run-up). The tax changes still are filling the news. It has been a topic of conversation as we all are trying to figure out what this means to us personally and to our clients.
In order to better understand the impact due to the changes, here are a few links. Please note that these are just links; and you should review your individual situation with your tax adviser.
Money Help Center: 2017 Federal Income Tax Calculator
CalcXML: Trump Tax Reform Calculator
TaxBrackets.org: 2017 and 2018 California tax brackets.
Right now, great tax preparers/planners are worth a lot to all of us. Those that can help guide us to best take advantage of the changes will be getting more and more business. Our clients and contacts are in search of these talented advisers. There is still a lot of mystery as to what to expect. And, each of us will adjust right along with our clients.
That’s it for this week. Here is to a great year for all!
As always, feel free to call me for client/team meetings and with any of your strategic financing questions.
NREI shared “How CRE Investors Could Cash in On the Tax Bill.”
CNBC reported “San Francisco landlords are turning ‘crappy old storage rooms’ into apartments—and it’s good news for the city.”
Realtor.com shared “Tax Law Could Further Slow Down a Bank Favorite: Jumbo Mortgages.”
The Registry reported “The US Cities With The Biggest Housing Bubbles.”
Wolf Street reported “What Will the Tax Bill Do to the Housing Market?”
| Type | Rate | Fixed Term |
| Apartments | 4.055% – 4.750% | 3 to 10 year (30 yr amortization) |
| Commercial | 4.455% – 5.050% | 3 to 10 year (25 yr amortization) |
| SBA Lending | Call for Options | Call for Options |