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Multifamily Loans in
College Park, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in College Park, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in College 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in College 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 Dec 05, 2021


Multifamily Lenders in College Park, MD

All major multifamily lender types are lending in College 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 Dec 05, 2021


College Park Market

The city of College Park in Prince George's County has a population of 32,163. The median rent in Prince George's County for a 2 bedroom is $1,917. The median College Park resident is 22 years old with a yearly income of $11,431. The average family has 3.4 members and a median household income of $66,679. College Park has a 49% higher education rate. The unemployment rate in College Park is 4.2%.


Population
32,163 people

County
Prince George's County

Renters

57.2% of College Park households are renters.


Rent Burden

43.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Prince George's County 1
Maryland 2
National 2
Studio $1,643 $1,013 $737
1 bedroom $1,682 $1,126 $813
2 bedroom $1,917 $1,365 $1,015
3 bedroom $2,457 $1,803 $1,325
4 bedroom $2,978 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

College Park Demographics


Median Individual Income
$11,431 / year

Median Household Income
$66,679 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.2%
Household Income Distribution
College Park, MD

Median Age
22 years

Avg Family Size
3.4 people
Age Distribution
College Park, MD

College Education or Above
49%

STEM College Graduates
58%
Education Distribution
College Park, MD
Source: U.S. Census Bureau

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