Loading...

Multifamily Loans in
Bridgeport, CT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Bridgeport, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bridgeport 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Bridgeport 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 Bridgeport, CT

All major multifamily lender types are lending in Bridgeport.


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


Bridgeport Market

The city of Bridgeport in Fairfield County has a population of 144,399. The median rent in Fairfield County for a 2 bedroom is $1,557. The median Bridgeport resident is 34 years old with a yearly income of $24,247. The average family has 3.5 members and a median household income of $46,662. Bridgeport has a 19% higher education rate. The unemployment rate in Bridgeport is 12.5%.


Population
144,399 people

County
Fairfield County

Renters

58.2% of Bridgeport households are renters.


Rent Burden

45.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Fairfield County 1
Connecticut 2
National 2
Studio $1,027 $974 $737
1 bedroom $1,245 $1,155 $813
2 bedroom $1,557 $1,442 $1,015
3 bedroom $1,983 $1,820 $1,325
4 bedroom $2,387 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bridgeport Demographics


Median Individual Income
$24,247 / year

Median Household Income
$46,662 / year

Families w/ Dual Incomes
53%

Unemployment Rate
12.5%
Household Income Distribution
Bridgeport, CT

Median Age
34 years

Avg Family Size
3.5 people
Age Distribution
Bridgeport, CT

College Education or Above
19%

STEM College Graduates
41%
Education Distribution
Bridgeport, CT
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day