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Multifamily Loans in
Cartersville, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Cartersville, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cartersville 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 3.32% - 3.56%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Cartersville 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 04, 2021


Multifamily Lenders in Cartersville, GA

All major multifamily lender types are lending in Cartersville.


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 04, 2021


Cartersville Market

The city of Cartersville in Bartow County has a population of 21,760. The median rent in Bartow County for a 2 bedroom is $1,284. The median Cartersville resident is 36 years old with a yearly income of $29,531. The average family has 3.16 members and a median household income of $51,351. Cartersville has a 26% higher education rate. The unemployment rate in Cartersville is 5.1%.


Population
21,760 people

County
Bartow County

Renters

46.2% of Cartersville households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bartow County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Cartersville Demographics


Median Individual Income
$29,531 / year

Median Household Income
$51,351 / year

Families w/ Dual Incomes
48%

Unemployment Rate
5.1%
Household Income Distribution
Cartersville, GA

Median Age
36 years

Avg Family Size
3.16 people
Age Distribution
Cartersville, GA

College Education or Above
26%

STEM College Graduates
36%
Education Distribution
Cartersville, GA
Source: U.S. Census Bureau

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