Catalina Foothills is located in a good market for 5+ unit multifamily loans. Multifamily loans in Catalina Foothills are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Catalina Foothills are competitive. Catalina Foothills 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 Catalina Foothills.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Catalina Foothills 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 Catalina Foothills.
The city of Catalina Foothills in Pima County has a population of 50,454. The median rent in Pima County for a 2 bedroom is $1,016. The median Catalina Foothills resident is 54 years old with a yearly income of $48,956. The average family has 2.72 members and a median household income of $92,929. Catalina Foothills has a 68% higher education rate. The unemployment rate in Catalina Foothills is 4.4%.
26.2% of Catalina Foothills households are renters.
23.8% 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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