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Multifamily Loans in
Chapel Hill, NC

Overview

Chapel Hill is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Chapel Hill are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Chapel Hill are slightly higher than the national average. Chapel Hill apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Chapel Hill.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Chapel Hill, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Chapel Hill 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 $6M
5 Year Fixed 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.10% - 3.35%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Chapel Hill 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 02, 2021


Multifamily Lenders in Chapel Hill, NC

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Chapel Hill.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 02, 2021


Chapel Hill Market

The city of Chapel Hill in Orange County has a population of 64,051. The median rent in Orange County for a 2 bedroom is $1,218. The median Chapel Hill resident is 26 years old with a yearly income of $23,677. The average family has 3.07 members and a median household income of $73,614. Chapel Hill has a 77% higher education rate. The unemployment rate in Chapel Hill is 3.4%.


Population
64,051 people

County
Orange County

Renters

49.7% of Chapel Hill households are renters.


Rent Burden

36.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
North Carolina 2
National 2
Studio $1,044 $694 $737
1 bedroom $1,046 $713 $813
2 bedroom $1,218 $871 $1,015
3 bedroom $1,604 $1,152 $1,325
4 bedroom $1,843 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Chapel Hill Demographics


Median Individual Income
$23,677 / year

Median Household Income
$73,614 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.4%
Household Income Distribution
Chapel Hill, NC

Median Age
26 years

Avg Family Size
3.07 people
Age Distribution
Chapel Hill, NC

College Education or Above
77%

STEM College Graduates
60%
Education Distribution
Chapel Hill, NC
Source: U.S. Census Bureau

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