Choose the most likely spread given the following scenario.

Scenario:

You are acquiring a multifamily property in New Jersey (with a difficult barrier to entry). It's a stabilized, well-performing property in a great location and youre under the due diligence period. You ask your lender:, What is the current 10 year Treasury yield? They let you know thats currently at 4.23%. Given the characteristics of the property, location, and financials, what spread might you expect for this loan?

A) 250 basis points

B) 150 basis points

C) 75 basis points