Broomfield is located in a good market for 5+ unit multifamily loans. Multifamily loans in Broomfield are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Broomfield are competitive. Broomfield 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 Broomfield.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Broomfield are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Broomfield.
The city of Broomfield in Broomfield County has a population of 70,465. The median rent in Broomfield County for a 2 bedroom is $1,750. The median Broomfield resident is 38 years old with a yearly income of $47,013. The average family has 3.01 members and a median household income of $96,416. Broomfield has a 56% higher education rate. The unemployment rate in Broomfield is 3.2%.
34.8% of Broomfield households are renters.
29.6% median household income spent on rent.
Bedrooms |
Broomfield County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,286 | $873 | $737 |
| 1 bedroom | $1,422 | $932 | $813 |
| 2 bedroom | $1,750 | $1,168 | $1,015 |
| 3 bedroom | $2,383 | $1,570 | $1,325 |
| 4 bedroom | $2,710 | $1,825 | $1,521 |
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