Bryan is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bryan are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bryan are slightly higher than the national average. Bryan apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Bryan.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bryan 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 $6M |
|---|---|
| 5 Year Fixed | 7.23% - 7.47% |
| 7 Year Fixed | 6.84% - 7.08% |
| 10 Year Fixed | 6.78% - 7.02% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bryan.
The city of Bryan in Brazos County has a population of 86,276. The median rent in Brazos County for a 2 bedroom is $959. The median Bryan resident is 31 years old with a yearly income of $25,753. The average family has 3.31 members and a median household income of $45,771. Bryan has a 27% higher education rate. The unemployment rate in Bryan is 4.1%.
51.6% of Bryan households are renters.
34.3% median household income spent on rent.
Bedrooms |
Brazos County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $724 | $669 | $737 |
| 1 bedroom | $817 | $738 | $813 |
| 2 bedroom | $959 | $912 | $1,015 |
| 3 bedroom | $1,372 | $1,210 | $1,325 |
| 4 bedroom | $1,660 | $1,407 | $1,521 |
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