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Multifamily Loans in
Brighton, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Brighton, NY

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

All major multifamily lender types are lending in Brighton.


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


Brighton Market

The city of Brighton in Monroe County has a population of 36,272. The median rent in Monroe County for a 2 bedroom is $1,070. The median Brighton resident is 39 years old with a yearly income of $40,547. The average family has 2.91 members and a median household income of $75,807. Brighton has a 66% higher education rate. The unemployment rate in Brighton is 3.7%.


Population
36,272 people

County
Monroe County

Renters

44.7% of Brighton households are renters.


Rent Burden

27.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monroe County 1
New York 2
National 2
Studio $742 $909 $737
1 bedroom $856 $990 $813
2 bedroom $1,070 $1,202 $1,015
3 bedroom $1,331 $1,537 $1,325
4 bedroom $1,451 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Brighton Demographics


Median Individual Income
$40,547 / year

Median Household Income
$75,807 / year

Families w/ Dual Incomes
56%

Unemployment Rate
3.7%
Household Income Distribution
Brighton, NY

Median Age
39 years

Avg Family Size
2.91 people
Age Distribution
Brighton, NY

College Education or Above
66%

STEM College Graduates
52%
Education Distribution
Brighton, NY
Source: U.S. Census Bureau

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