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Multifamily Loans in
Bayonne, NJ

Overview

Bayonne is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Bayonne are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Bayonne are some of the lowest nationally. Bayonne 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 Bayonne.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Bayonne, NJ

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Bayonne 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 Bayonne, NJ

All major multifamily lender types are lending in Bayonne.


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


Bayonne Market

The city of Bayonne in Hudson County has a population of 64,897. The median rent in Hudson County for a 2 bedroom is $2,119. The median Bayonne resident is 38 years old with a yearly income of $36,268. The average family has 3.27 members and a median household income of $63,947. Bayonne has a 37% higher education rate. The unemployment rate in Bayonne is 6.0%.


Population
64,897 people

County
Hudson County

Renters

61.5% of Bayonne households are renters.


Rent Burden

30.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hudson County 1
New Jersey 2
National 2
Studio $1,677 $1,166 $737
1 bedroom $1,825 $1,353 $813
2 bedroom $2,119 $1,671 $1,015
3 bedroom $2,636 $2,131 $1,325
4 bedroom $2,873 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bayonne Demographics


Median Individual Income
$36,268 / year

Median Household Income
$63,947 / year

Families w/ Dual Incomes
52%

Unemployment Rate
6.0%
Household Income Distribution
Bayonne, NJ

Median Age
38 years

Avg Family Size
3.27 people
Age Distribution
Bayonne, NJ

College Education or Above
37%

STEM College Graduates
43%
Education Distribution
Bayonne, NJ
Source: U.S. Census Bureau

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