Cabot is located in a good market for 5+ unit multifamily loans. Multifamily loans in Cabot are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Cabot are competitive. Cabot 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 Cabot.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cabot 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 | 6.99% - 7.23% |
| 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 Cabot.
The city of Cabot in Lonoke County has a population of 26,352. The median rent in Lonoke County for a 2 bedroom is $898. The median Cabot resident is 35 years old with a yearly income of $32,351. The average family has 3.18 members and a median household income of $60,591. Cabot has a 26% higher education rate. The unemployment rate in Cabot is 3.1%.
36.2% of Cabot households are renters.
26.2% median household income spent on rent.
Bedrooms |
Lonoke County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $742 | $535 | $737 |
| 1 bedroom | $777 | $574 | $813 |
| 2 bedroom | $898 | $723 | $1,015 |
| 3 bedroom | $1,206 | $954 | $1,325 |
| 4 bedroom | $1,416 | $1,104 | $1,521 |
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