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Multifamily Loans in
Apache Junction, AZ

Overview

Apache Junction is located in a good market for 5+ unit multifamily loans. Multifamily loans in Apache Junction are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Apache Junction are competitive. Apache Junction 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 Apache Junction.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Apache Junction, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Apache Junction 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 3.52% - 3.76%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Apache Junction 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 02, 2021


Multifamily Lenders in Apache Junction, AZ

All major multifamily lender types are lending in Apache Junction.


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 02, 2021


Apache Junction Market

The city of Apache Junction in Pinal County has a population of 42,571. The median rent in Pinal County for a 2 bedroom is $1,346. The median Apache Junction resident is 52 years old with a yearly income of $25,271. The average family has 3.01 members and a median household income of $45,653. Apache Junction has a 17% higher education rate. The unemployment rate in Apache Junction is 8.4%.


Population
42,571 people

County
Pinal County

Renters

22% of Apache Junction households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pinal County 1
Arizona 2
National 2
Studio $1,004 $747 $737
1 bedroom $1,111 $822 $813
2 bedroom $1,346 $1,038 $1,015
3 bedroom $1,899 $1,433 $1,325
4 bedroom $2,162 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Apache Junction Demographics


Median Individual Income
$25,271 / year

Median Household Income
$45,653 / year

Families w/ Dual Incomes
33%

Unemployment Rate
8.4%
Household Income Distribution
Apache Junction, AZ

Median Age
52 years

Avg Family Size
3.01 people
Age Distribution
Apache Junction, AZ

College Education or Above
17%

STEM College Graduates
38%
Education Distribution
Apache Junction, AZ
Source: U.S. Census Bureau

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