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Multifamily Loans in
Clifton Park, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Clifton Park, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clifton Park 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
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 Clifton Park 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 Clifton Park, NY

All major multifamily lender types are lending in Clifton Park.


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


Clifton Park Market

The city of Clifton Park in Saratoga County has a population of 36,663. The median rent in Saratoga County for a 2 bedroom is $1,205. The median Clifton Park resident is 42 years old with a yearly income of $52,943. The average family has 3.05 members and a median household income of $108,116. Clifton Park has a 58% higher education rate. The unemployment rate in Clifton Park is 2.1%.


Population
36,663 people

County
Saratoga County

Renters

18.6% of Clifton Park households are renters.


Rent Burden

24.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Saratoga County 1
New York 2
National 2
Studio $873 $909 $737
1 bedroom $984 $990 $813
2 bedroom $1,205 $1,202 $1,015
3 bedroom $1,499 $1,537 $1,325
4 bedroom $1,634 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Clifton Park Demographics


Median Individual Income
$52,943 / year

Median Household Income
$108,116 / year

Families w/ Dual Incomes
61%

Unemployment Rate
2.1%
Household Income Distribution
Clifton Park, NY

Median Age
42 years

Avg Family Size
3.05 people
Age Distribution
Clifton Park, NY

College Education or Above
58%

STEM College Graduates
50%
Education Distribution
Clifton Park, NY
Source: U.S. Census Bureau

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