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Multifamily Loans in
Camden, NJ

Overview

Camden is located in a good market for 5+ unit multifamily loans. Multifamily loans in Camden are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Camden are competitive. Camden 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 Camden.

Get multifamily loan quotes for Oct 06, 2024


Multifamily Loan Rates in Camden, NJ

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

Fannie Mae®
$1M to $6M
5 Year Fixed 6.56% - 7.30%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.40% - 6.80%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 5.44% - 5.68%
7 Year Fixed 5.23% - 5.47%
10 Year Fixed 5.14% - 5.38%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.36% - 7.10%
7 Year Fixed 6.26% - 6.77%
10 Year Fixed 6.20% - 6.60%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.60% - 5.75%
7 Year Fixed 5.61% - 5.76%
10 Year Fixed 5.61% - 5.76%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 10/05/2024. This is not an offer or commitment to lend. Multifamily loan rates in Camden 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 Oct 06, 2024


Multifamily Lenders in Camden, NJ

All major multifamily lender types are lending in Camden.


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 Oct 06, 2024


Camden Market

The city of Camden in Camden County has a population of 73,562. The median rent in Camden County for a 2 bedroom is $1,358. The median Camden resident is 31 years old with a yearly income of $16,833. The average family has 3.63 members and a median household income of $27,015. Camden has a 10% higher education rate. The unemployment rate in Camden is 12.9%.


Population
73,562 people

County
Camden County

Renters

60.7% of Camden households are renters.


Rent Burden

53.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Camden County 1
New Jersey 2
National 2
Studio $970 $1,166 $737
1 bedroom $1,121 $1,353 $813
2 bedroom $1,358 $1,671 $1,015
3 bedroom $1,689 $2,131 $1,325
4 bedroom $1,935 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Camden Demographics


Median Individual Income
$16,833 / year

Median Household Income
$27,015 / year

Families w/ Dual Incomes
34%

Unemployment Rate
12.9%
Household Income Distribution
Camden, NJ

Median Age
31 years

Avg Family Size
3.63 people
Age Distribution
Camden, NJ

College Education or Above
10%

STEM College Graduates
49%
Education Distribution
Camden, NJ
Source: U.S. Census Bureau

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