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Multifamily Loans in
Concord, NH

Overview

Concord is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Concord are considered greater risk due to market dynamics. Interest rates for multifamily loans in Concord are higher than the national average. Concord apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Concord.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Concord, NH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Concord 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.78% - 4.02%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Concord 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 Concord, NH

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


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 04, 2021


Concord Market

The city of Concord in Merrimack County has a population of 43,627. The median rent in Merrimack County for a 2 bedroom is $1,251. The median Concord resident is 40 years old with a yearly income of $33,718. The average family has 2.94 members and a median household income of $66,719. Concord has a 38% higher education rate. The unemployment rate in Concord is 4.0%.


Population
43,627 people

County
Merrimack County

Renters

47.2% of Concord households are renters.


Rent Burden

29.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Merrimack County 1
New Hampshire 2
National 2
Studio $886 $842 $737
1 bedroom $966 $959 $813
2 bedroom $1,251 $1,222 $1,015
3 bedroom $1,620 $1,597 $1,325
4 bedroom $1,729 $1,897 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Concord Demographics


Median Individual Income
$33,718 / year

Median Household Income
$66,719 / year

Families w/ Dual Incomes
60%

Unemployment Rate
4.0%
Household Income Distribution
Concord, NH

Median Age
40 years

Avg Family Size
2.94 people
Age Distribution
Concord, NH

College Education or Above
38%

STEM College Graduates
46%
Education Distribution
Concord, NH
Source: U.S. Census Bureau

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