5% Cap Rates Meet 6.4% Loans: A Math Problem Even Einstein Couldn't Solve The spread between going-in and exit cap rates showed a slight decrease to 11 basis points during the quarter, according to CBRE's Prime Multifamily Underwriting Survey. The average prime multifamily going-in cap rate fell by 4 bps in Q2 to 4.97%, while the average exit cap rate fell by 5 bps to 5.08%. https://lnkd.in/emsjFiKm