Loading...

Multifamily Loans in
Bridgewater, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Bridgewater, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bridgewater 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 Bridgewater 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 Bridgewater, NJ

All major multifamily lender types are lending in Bridgewater.


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


Bridgewater Market

The city of Bridgewater in Somerset County has a population of 44,467. The median rent in Somerset County for a 2 bedroom is $1,888. The median Bridgewater resident is 43 years old with a yearly income of $54,764. The average family has 3.31 members and a median household income of $133,342. Bridgewater has a 59% higher education rate. The unemployment rate in Bridgewater is 3.7%.


Population
44,467 people

County
Somerset County

Renters

16.3% of Bridgewater households are renters.


Rent Burden

27.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Somerset County 1
New Jersey 2
National 2
Studio $1,297 $1,166 $737
1 bedroom $1,477 $1,353 $813
2 bedroom $1,888 $1,671 $1,015
3 bedroom $2,356 $2,131 $1,325
4 bedroom $2,683 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bridgewater Demographics


Median Individual Income
$54,764 / year

Median Household Income
$133,342 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.7%
Household Income Distribution
Bridgewater, NJ

Median Age
43 years

Avg Family Size
3.31 people
Age Distribution
Bridgewater, NJ

College Education or Above
59%

STEM College Graduates
55%
Education Distribution
Bridgewater, NJ
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