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Multifamily Loans in
Charlotte, NC

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Charlotte, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Charlotte 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 3.32% - 3.56%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Charlotte 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 Charlotte, NC

All major multifamily lender types are lending in Charlotte.


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 02, 2021


Charlotte Market

The city of Charlotte in Mecklenburg County has a population of 885,708. The median rent in Mecklenburg County for a 2 bedroom is $1,243. The median Charlotte resident is 34 years old with a yearly income of $33,990. The average family has 3.32 members and a median household income of $62,817. Charlotte has a 44% higher education rate. The unemployment rate in Charlotte is 5.0%.


Population
885,708 people

County
Mecklenburg County

Renters

47.1% of Charlotte households are renters.


Rent Burden

29.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mecklenburg County 1
North Carolina 2
National 2
Studio $1,066 $694 $737
1 bedroom $1,090 $713 $813
2 bedroom $1,243 $871 $1,015
3 bedroom $1,639 $1,152 $1,325
4 bedroom $2,112 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Charlotte Demographics


Median Individual Income
$33,990 / year

Median Household Income
$62,817 / year

Families w/ Dual Incomes
54%

Unemployment Rate
5.0%
Household Income Distribution
Charlotte, NC

Median Age
34 years

Avg Family Size
3.32 people
Age Distribution
Charlotte, NC

College Education or Above
44%

STEM College Graduates
42%
Education Distribution
Charlotte, NC
Source: U.S. Census Bureau

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