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Multifamily Loans in
Conway, AR

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Conway, AR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Conway 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Conway 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 08, 2021


Multifamily Lenders in Conway, AR

All major multifamily lender types are lending in Conway.


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 08, 2021


Conway Market

The city of Conway in Faulkner County has a population of 67,638. The median rent in Faulkner County for a 2 bedroom is $898. The median Conway resident is 29 years old with a yearly income of $25,964. The average family has 3.16 members and a median household income of $47,221. Conway has a 40% higher education rate. The unemployment rate in Conway is 3.2%.


Population
67,638 people

County
Faulkner County

Renters

52.4% of Conway households are renters.


Rent Burden

32.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Faulkner County 1
Arkansas 2
National 2
Studio $742 $535 $737
1 bedroom $777 $574 $813
2 bedroom $898 $723 $1,015
3 bedroom $1,206 $954 $1,325
4 bedroom $1,416 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Conway Demographics


Median Individual Income
$25,964 / year

Median Household Income
$47,221 / year

Families w/ Dual Incomes
51%

Unemployment Rate
3.2%
Household Income Distribution
Conway, AR

Median Age
29 years

Avg Family Size
3.16 people
Age Distribution
Conway, AR

College Education or Above
40%

STEM College Graduates
37%
Education Distribution
Conway, AR
Source: U.S. Census Bureau

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