Why it matters
Northmarq publishes a file-versioned PDF rate matrix with indicative pricing across capital sources (life co, agency, bank, CMBS, debt fund, bridge). It is the cleanest public artifact of "what is the market right now?" and the model most in-house desks emulate when building internal rate matrices.
How CRE teams consume it
Daily URL poll on the file-versioned PDF; diff PDF text to detect spread changes. Pair with broker-partner outreach for deal-level pricing.
Caveats & limitations
"Subject to change; not a commitment to lend." Indicative pricing — actual quotes vary by deal characteristics, sponsor strength, and lender appetite.
Use cases
- Indicative pricing checks
- Rate-sheet maintenance
- Refi/acquisition scenario sizing