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Multifamily Loans in
Commerce City, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Commerce City, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Commerce City 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Commerce City 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 04, 2021


Multifamily Lenders in Commerce City, CO

All major multifamily lender types are lending in Commerce City.


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 04, 2021


Commerce City Market

The city of Commerce City in Adams County has a population of 60,336. The median rent in Adams County for a 2 bedroom is $1,750. The median Commerce City resident is 32 years old with a yearly income of $35,396. The average family has 3.84 members and a median household income of $77,065. Commerce City has a 22% higher education rate. The unemployment rate in Commerce City is 4.4%.


Population
60,336 people

County
Adams County

Renters

26% of Commerce City households are renters.


Rent Burden

33.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Adams 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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Commerce City Demographics


Median Individual Income
$35,396 / year

Median Household Income
$77,065 / year

Families w/ Dual Incomes
64%

Unemployment Rate
4.4%
Household Income Distribution
Commerce City, CO

Median Age
32 years

Avg Family Size
3.84 people
Age Distribution
Commerce City, CO

College Education or Above
22%

STEM College Graduates
44%
Education Distribution
Commerce City, CO
Source: U.S. Census Bureau

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