What are the interest rates of the loans?

Landa Financing currently offers loans at SOFR + 3.5%. The interest rate will shift in conjunction with the SOFR interest rate.

What is SOFR?

SOFR stands for Secured Overnight Financing Rate. It is a benchmark interest rate that measures the cost of borrowing cash overnight (short term interest rate), using U.S. Treasury securities as collateral.

The SOFR is an important benchmark rate because it is used to price various financial instruments, including derivatives, loans, and mortgages.