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Multifamily Loans in
Clarkstown, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Clarkstown, NY

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Clarkstown 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 Nov 29, 2021


Multifamily Lenders in Clarkstown, NY

All major multifamily lender types are lending in Clarkstown.


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 Nov 29, 2021


Clarkstown Market

The city of Clarkstown in Rockland County has a population of 86,488. The median rent in Rockland County for a 2 bedroom is $2,263. The median Clarkstown resident is 45 years old with a yearly income of $48,314. The average family has 3.36 members and a median household income of $121,167. Clarkstown has a 52% higher education rate. The unemployment rate in Clarkstown is 4.3%.


Population
86,488 people

County
Rockland County

Renters

19.1% of Clarkstown households are renters.


Rent Burden

40.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rockland County 1
New York 2
National 2
Studio $1,940 $909 $737
1 bedroom $1,985 $990 $813
2 bedroom $2,263 $1,202 $1,015
3 bedroom $2,864 $1,537 $1,325
4 bedroom $3,069 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clarkstown Demographics


Median Individual Income
$48,314 / year

Median Household Income
$121,167 / year

Families w/ Dual Incomes
64%

Unemployment Rate
4.3%
Household Income Distribution
Clarkstown, NY

Median Age
45 years

Avg Family Size
3.36 people
Age Distribution
Clarkstown, NY

College Education or Above
52%

STEM College Graduates
44%
Education Distribution
Clarkstown, NY
Source: U.S. Census Bureau

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