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Multifamily Loans in
Bethlehem, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Bethlehem, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bethlehem 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bethlehem 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 Nov 29, 2021


Multifamily Lenders in Bethlehem, NY

All major multifamily lender types are lending in Bethlehem.


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 Nov 29, 2021


Bethlehem Market

The city of Bethlehem in Albany County has a population of 34,946. The median rent in Albany County for a 2 bedroom is $1,205. The median Bethlehem resident is 44 years old with a yearly income of $48,281. The average family has 3.06 members and a median household income of $97,867. Bethlehem has a 59% higher education rate. The unemployment rate in Bethlehem is 2.6%.


Population
34,946 people

County
Albany County

Renters

27.8% of Bethlehem households are renters.


Rent Burden

29.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Albany County 1
New York 2
National 2
Studio $873 $909 $737
1 bedroom $984 $990 $813
2 bedroom $1,205 $1,202 $1,015
3 bedroom $1,499 $1,537 $1,325
4 bedroom $1,634 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bethlehem Demographics


Median Individual Income
$48,281 / year

Median Household Income
$97,867 / year

Families w/ Dual Incomes
65%

Unemployment Rate
2.6%
Household Income Distribution
Bethlehem, NY

Median Age
44 years

Avg Family Size
3.06 people
Age Distribution
Bethlehem, NY

College Education or Above
59%

STEM College Graduates
51%
Education Distribution
Bethlehem, NY
Source: U.S. Census Bureau

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