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Multifamily Loans in
Canyon Lake, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Canyon Lake, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Canyon Lake 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Canyon Lake 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 03, 2021


Multifamily Lenders in Canyon Lake, TX

All major multifamily lender types are lending in Canyon Lake.


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 03, 2021


Canyon Lake Market

The city of Canyon Lake in Comal County has a population of 25,325. The median rent in Comal County for a 2 bedroom is $1,198. The median Canyon Lake resident is 50 years old with a yearly income of $34,157. The average family has 3.03 members and a median household income of $74,401. Canyon Lake has a 31% higher education rate. The unemployment rate in Canyon Lake is 2.5%.


Population
25,325 people

County
Comal County

Renters

14.5% of Canyon Lake households are renters.


Rent Burden

39.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Comal County 1
Texas 2
National 2
Studio $818 $669 $737
1 bedroom $981 $738 $813
2 bedroom $1,198 $912 $1,015
3 bedroom $1,556 $1,210 $1,325
4 bedroom $1,928 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Canyon Lake Demographics


Median Individual Income
$34,157 / year

Median Household Income
$74,401 / year

Families w/ Dual Incomes
44%

Unemployment Rate
2.5%
Household Income Distribution
Canyon Lake, TX

Median Age
50 years

Avg Family Size
3.03 people
Age Distribution
Canyon Lake, TX

College Education or Above
31%

STEM College Graduates
44%
Education Distribution
Canyon Lake, TX
Source: U.S. Census Bureau

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