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Multifamily Loans in
Albuquerque, NM

Overview

Albuquerque is located in a good market for 5+ unit multifamily loans. Multifamily loans in Albuquerque are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Albuquerque are competitive. Albuquerque apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Albuquerque.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Albuquerque, NM

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Albuquerque are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Albuquerque may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Lenders in Albuquerque, NM

All major multifamily lender types are lending in Albuquerque.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 04, 2021


Albuquerque Market

The city of Albuquerque in Bernalillo County has a population of 560,513. The median rent in Bernalillo County for a 2 bedroom is $1,013. The median Albuquerque resident is 37 years old with a yearly income of $29,538. The average family has 3.23 members and a median household income of $52,911. Albuquerque has a 35% higher education rate. The unemployment rate in Albuquerque is 5.6%.


Population
560,513 people

County
Bernalillo County

Renters

40.3% of Albuquerque households are renters.


Rent Burden

32.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bernalillo County 1
New Mexico 2
National 2
Studio $669 $682 $737
1 bedroom $830 $728 $813
2 bedroom $1,013 $898 $1,015
3 bedroom $1,450 $1,212 $1,325
4 bedroom $1,742 $1,440 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Albuquerque Demographics


Median Individual Income
$29,538 / year

Median Household Income
$52,911 / year

Families w/ Dual Incomes
48%

Unemployment Rate
5.6%
Household Income Distribution
Albuquerque, NM

Median Age
37 years

Avg Family Size
3.23 people
Age Distribution
Albuquerque, NM

College Education or Above
35%

STEM College Graduates
49%
Education Distribution
Albuquerque, NM
Source: U.S. Census Bureau

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