Columbine is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Columbine are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Columbine are some of the lowest nationally. Columbine 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 Columbine.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Columbine are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.72% - 6.96% |
| 7 Year Fixed | 6.68% - 6.92% |
| 10 Year Fixed | 6.64% - 6.88% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Columbine.
The city of Columbine in Jefferson County has a population of 25,332. The median rent in Jefferson County for a 2 bedroom is $1,750. The median Columbine resident is 43 years old with a yearly income of $46,167. The average family has 2.96 members and a median household income of $101,731. Columbine has a 48% higher education rate. The unemployment rate in Columbine is 2.3%.
12.1% of Columbine households are renters.
41.6% median household income spent on rent.
Bedrooms |
Jefferson County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,286 | $873 | $737 |
| 1 bedroom | $1,422 | $932 | $813 |
| 2 bedroom | $1,750 | $1,168 | $1,015 |
| 3 bedroom | $2,383 | $1,570 | $1,325 |
| 4 bedroom | $2,710 | $1,825 | $1,521 |
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