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Multifamily Loans in
Camp Springs, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Camp Springs, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Camp Springs 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Camp Springs 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 05, 2021


Multifamily Lenders in Camp Springs, MD

All major multifamily lender types are lending in Camp Springs.


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 05, 2021


Camp Springs Market

The city of Camp Springs in Prince George's County has a population of 21,841. The median rent in Prince George's County for a 2 bedroom is $1,917. The median Camp Springs resident is 40 years old with a yearly income of $44,881. The average family has 3.61 members and a median household income of $95,484. Camp Springs has a 29% higher education rate. The unemployment rate in Camp Springs is 6.9%.


Population
21,841 people

County
Prince George's County

Renters

30.4% of Camp Springs households are renters.


Rent Burden

29.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Prince George's County 1
Maryland 2
National 2
Studio $1,643 $1,013 $737
1 bedroom $1,682 $1,126 $813
2 bedroom $1,917 $1,365 $1,015
3 bedroom $2,457 $1,803 $1,325
4 bedroom $2,978 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Camp Springs Demographics


Median Individual Income
$44,881 / year

Median Household Income
$95,484 / year

Families w/ Dual Incomes
56%

Unemployment Rate
6.9%
Household Income Distribution
Camp Springs, MD

Median Age
40 years

Avg Family Size
3.61 people
Age Distribution
Camp Springs, MD

College Education or Above
29%

STEM College Graduates
45%
Education Distribution
Camp Springs, MD
Source: U.S. Census Bureau

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