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Multifamily Loans in
Benbrook, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Benbrook, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Benbrook 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 3.11% - 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 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Benbrook 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 03, 2021


Multifamily Lenders in Benbrook, TX

All major multifamily lender types are lending in Benbrook.


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 03, 2021


Benbrook Market

The city of Benbrook in Tarrant County has a population of 23,502. The median rent in Tarrant County for a 2 bedroom is $1,333. The median Benbrook resident is 39 years old with a yearly income of $40,511. The average family has 3.06 members and a median household income of $72,699. Benbrook has a 38% higher education rate. The unemployment rate in Benbrook is 4.0%.


Population
23,502 people

County
Tarrant County

Renters

31.8% of Benbrook households are renters.


Rent Burden

26.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tarrant County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Benbrook Demographics


Median Individual Income
$40,511 / year

Median Household Income
$72,699 / year

Families w/ Dual Incomes
52%

Unemployment Rate
4.0%
Household Income Distribution
Benbrook, TX

Median Age
39 years

Avg Family Size
3.06 people
Age Distribution
Benbrook, TX

College Education or Above
38%

STEM College Graduates
42%
Education Distribution
Benbrook, TX
Source: U.S. Census Bureau

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