Loading...

Multifamily Loans in
Centennial, CO

Overview

Centennial is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Centennial are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Centennial are some of the lowest nationally. Centennial 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 Centennial.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Centennial, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Centennial 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Centennial 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 Centennial, CO

All major multifamily lender types are lending in Centennial.


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


Centennial Market

The city of Centennial in Arapahoe County has a population of 110,937. The median rent in Arapahoe County for a 2 bedroom is $1,750. The median Centennial resident is 41 years old with a yearly income of $49,023. The average family has 3.11 members and a median household income of $109,324. Centennial has a 57% higher education rate. The unemployment rate in Centennial is 3.1%.


Population
110,937 people

County
Arapahoe County

Renters

17.8% of Centennial households are renters.


Rent Burden

27% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Arapahoe 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

Centennial Demographics


Median Individual Income
$49,023 / year

Median Household Income
$109,324 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.1%
Household Income Distribution
Centennial, CO

Median Age
41 years

Avg Family Size
3.11 people
Age Distribution
Centennial, CO

College Education or Above
57%

STEM College Graduates
45%
Education Distribution
Centennial, CO
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day