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Multifamily Loans in
Burlington, MA

Overview

Burlington is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Burlington are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Burlington are some of the lowest nationally. Burlington 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 Burlington.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Burlington, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Burlington are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Burlington 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 26, 2021


Multifamily Lenders in Burlington, MA

All major multifamily lender types are lending in Burlington.


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 26, 2021


Burlington Market

The city of Burlington in Middlesex County has a population of 27,650. The median rent in Middlesex County for a 2 bedroom is $2,470. The median Burlington resident is 41 years old with a yearly income of $48,466. The average family has 3.26 members and a median household income of $118,721. Burlington has a 57% higher education rate. The unemployment rate in Burlington is 2.8%.


Population
27,650 people

County
Middlesex County

Renters

26.4% of Burlington households are renters.


Rent Burden

27.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex County 1
Massachusetts 2
National 2
Studio $1,842 $1,259 $737
1 bedroom $2,034 $1,399 $813
2 bedroom $2,470 $1,747 $1,015
3 bedroom $3,072 $2,190 $1,325
4 bedroom $3,349 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Burlington Demographics


Median Individual Income
$48,466 / year

Median Household Income
$118,721 / year

Families w/ Dual Incomes
62%

Unemployment Rate
2.8%
Household Income Distribution
Burlington, MA

Median Age
41 years

Avg Family Size
3.26 people
Age Distribution
Burlington, MA

College Education or Above
57%

STEM College Graduates
56%
Education Distribution
Burlington, MA
Source: U.S. Census Bureau

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