Casas Adobes is located in a good market for 5+ unit multifamily loans. Multifamily loans in Casas Adobes are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Casas Adobes are competitive. Casas Adobes 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 Casas Adobes.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Casas Adobes 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 | 7.04% - 7.28% |
| 7 Year Fixed | 6.63% - 6.87% |
| 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 Casas Adobes.
The city of Casas Adobes in Pima County has a population of 70,166. The median rent in Pima County for a 2 bedroom is $1,016. The median Casas Adobes resident is 42 years old with a yearly income of $32,344. The average family has 2.96 members and a median household income of $64,224. Casas Adobes has a 35% higher education rate. The unemployment rate in Casas Adobes is 5.7%.
36% of Casas Adobes households are renters.
28.7% median household income spent on rent.
Bedrooms |
Pima County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $670 | $747 | $737 |
| 1 bedroom | $771 | $822 | $813 |
| 2 bedroom | $1,016 | $1,038 | $1,015 |
| 3 bedroom | $1,454 | $1,433 | $1,325 |
| 4 bedroom | $1,724 | $1,597 | $1,521 |
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