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Multifamily Loans in
Broomfield, CO

Overview

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.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Broomfield, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Broomfield 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 Broomfield 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 Broomfield, CO

All major multifamily lender types are lending in Broomfield.


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


Broomfield Market

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%.


Population
70,465 people

County
Broomfield County

Renters

34.8% of Broomfield households are renters.


Rent Burden

29.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Broomfield Demographics


Median Individual Income
$47,013 / year

Median Household Income
$96,416 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.2%
Household Income Distribution
Broomfield, CO

Median Age
38 years

Avg Family Size
3.01 people
Age Distribution
Broomfield, CO

College Education or Above
56%

STEM College Graduates
52%
Education Distribution
Broomfield, CO
Source: U.S. Census Bureau

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