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Multifamily Loans in
Cedar Park, TX

Overview

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

Get multifamily loan quotes for Oct 06, 2024


Multifamily Loan Rates in Cedar Park, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cedar Park are:

Fannie Mae®
$1M to $6M
5 Year Fixed 6.56% - 7.30%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.40% - 6.80%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 5.49% - 5.73%
7 Year Fixed 5.28% - 5.52%
10 Year Fixed 5.19% - 5.43%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.36% - 7.10%
7 Year Fixed 6.26% - 6.77%
10 Year Fixed 6.20% - 6.60%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.60% - 5.75%
7 Year Fixed 5.61% - 5.76%
10 Year Fixed 5.61% - 5.76%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 10/05/2024. This is not an offer or commitment to lend. Multifamily loan rates in Cedar Park 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 Oct 06, 2024


Multifamily Lenders in Cedar Park, TX

All major multifamily lender types are lending in Cedar Park.


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 Oct 06, 2024


Cedar Park Market

The city of Cedar Park in Williamson County has a population of 79,462. The median rent in Williamson County for a 2 bedroom is $1,549. The median Cedar Park resident is 36 years old with a yearly income of $45,622. The average family has 3.55 members and a median household income of $104,019. Cedar Park has a 50% higher education rate. The unemployment rate in Cedar Park is 3.0%.


Population
79,462 people

County
Williamson County

Renters

31.5% of Cedar Park households are renters.


Rent Burden

27.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Williamson County 1
Texas 2
National 2
Studio $1,144 $669 $737
1 bedroom $1,309 $738 $813
2 bedroom $1,549 $912 $1,015
3 bedroom $1,997 $1,210 $1,325
4 bedroom $2,384 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Cedar Park Demographics


Median Individual Income
$45,622 / year

Median Household Income
$104,019 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.0%
Household Income Distribution
Cedar Park, TX

Median Age
36 years

Avg Family Size
3.55 people
Age Distribution
Cedar Park, TX

College Education or Above
50%

STEM College Graduates
48%
Education Distribution
Cedar Park, TX
Source: U.S. Census Bureau

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