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Multifamily Loans in
Bristol, CT

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Bristol, CT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bristol 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Bristol 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 Bristol, CT

All major multifamily lender types are lending in Bristol.


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


Bristol Market

The city of Bristol in Hartford County has a population of 59,947. The median rent in Hartford County for a 2 bedroom is $1,437. The median Bristol resident is 41 years old with a yearly income of $37,074. The average family has 3.1 members and a median household income of $67,507. Bristol has a 27% higher education rate. The unemployment rate in Bristol is 5.4%.


Population
59,947 people

County
Hartford County

Renters

36.4% of Bristol households are renters.


Rent Burden

31.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hartford County 1
Connecticut 2
National 2
Studio $948 $974 $737
1 bedroom $1,164 $1,155 $813
2 bedroom $1,437 $1,442 $1,015
3 bedroom $1,787 $1,820 $1,325
4 bedroom $2,089 $2,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bristol Demographics


Median Individual Income
$37,074 / year

Median Household Income
$67,507 / year

Families w/ Dual Incomes
58%

Unemployment Rate
5.4%
Household Income Distribution
Bristol, CT

Median Age
41 years

Avg Family Size
3.1 people
Age Distribution
Bristol, CT

College Education or Above
27%

STEM College Graduates
36%
Education Distribution
Bristol, CT
Source: U.S. Census Bureau

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