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Multifamily Loans in
Castle Rock, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Castle Rock, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Castle Rock 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 3.03% - 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 Castle Rock 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 Castle Rock, CO

All major multifamily lender types are lending in Castle Rock.


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


Castle Rock Market

The city of Castle Rock in Douglas County has a population of 68,484. The median rent in Douglas County for a 2 bedroom is $1,750. The median Castle Rock resident is 36 years old with a yearly income of $46,855. The average family has 3.29 members and a median household income of $109,700. Castle Rock has a 48% higher education rate. The unemployment rate in Castle Rock is 2.9%.


Population
68,484 people

County
Douglas County

Renters

22.3% of Castle Rock households are renters.


Rent Burden

29.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Douglas County 1
Colorado 2
National 2
Studio $1,286 $873 $737
1 bedroom $1,422 $932 $813
2 bedroom $1,750 $1,168 $1,015
3 bedroom $2,383 $1,570 $1,325
4 bedroom $2,710 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Castle Rock Demographics


Median Individual Income
$46,855 / year

Median Household Income
$109,700 / year

Families w/ Dual Incomes
67%

Unemployment Rate
2.9%
Household Income Distribution
Castle Rock, CO

Median Age
36 years

Avg Family Size
3.29 people
Age Distribution
Castle Rock, CO

College Education or Above
48%

STEM College Graduates
42%
Education Distribution
Castle Rock, CO
Source: U.S. Census Bureau

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