Loading...

Multifamily Loans in
Clarksville, TN

Overview

Clarksville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Clarksville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Clarksville are slightly higher than the national average. Clarksville 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 Clarksville.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Clarksville, TN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clarksville 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 3.22% - 3.47%
7 Year Fixed 3.39% - 3.84%
10 Year Fixed 3.37% - 3.77%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Clarksville 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 08, 2021


Multifamily Lenders in Clarksville, TN

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


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 08, 2021


Clarksville Market

The city of Clarksville in Montgomery County has a population of 158,146. The median rent in Montgomery County for a 2 bedroom is $929. The median Clarksville resident is 30 years old with a yearly income of $30,307. The average family has 3.18 members and a median household income of $53,604. Clarksville has a 28% higher education rate. The unemployment rate in Clarksville is 6.9%.


Population
158,146 people

County
Montgomery County

Renters

47% of Clarksville households are renters.


Rent Burden

28.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery County 1
Tennessee 2
National 2
Studio $614 $618 $737
1 bedroom $734 $657 $813
2 bedroom $929 $813 $1,015
3 bedroom $1,330 $1,073 $1,325
4 bedroom $1,608 $1,248 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clarksville Demographics


Median Individual Income
$30,307 / year

Median Household Income
$53,604 / year

Families w/ Dual Incomes
50%

Unemployment Rate
6.9%
Household Income Distribution
Clarksville, TN

Median Age
30 years

Avg Family Size
3.18 people
Age Distribution
Clarksville, TN

College Education or Above
28%

STEM College Graduates
41%
Education Distribution
Clarksville, TN
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