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Multifamily Loans in
Coolbaugh, PA

Overview

Coolbaugh is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Coolbaugh are considered greater risk due to market dynamics. Interest rates for multifamily loans in Coolbaugh are higher than the national average. Coolbaugh 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 Coolbaugh.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Coolbaugh, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Coolbaugh 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 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
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 Coolbaugh 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 Coolbaugh, PA

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


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 08, 2021


Coolbaugh Market

The city of Coolbaugh in Monroe County has a population of 20,357. The median rent in Monroe County for a 2 bedroom is $1,178. The median Coolbaugh resident is 39 years old with a yearly income of $26,444. The average family has 3.57 members and a median household income of $58,033. Coolbaugh has a 22% higher education rate. The unemployment rate in Coolbaugh is 9.3%.


Population
20,357 people

County
Monroe County

Renters

24% of Coolbaugh households are renters.


Rent Burden

36% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monroe County 1
Pennsylvania 2
National 2
Studio $885 $680 $737
1 bedroom $913 $747 $813
2 bedroom $1,178 $929 $1,015
3 bedroom $1,630 $1,198 $1,325
4 bedroom $1,892 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Coolbaugh Demographics


Median Individual Income
$26,444 / year

Median Household Income
$58,033 / year

Families w/ Dual Incomes
49%

Unemployment Rate
9.3%
Household Income Distribution
Coolbaugh, PA

Median Age
39 years

Avg Family Size
3.57 people
Age Distribution
Coolbaugh, PA

College Education or Above
22%

STEM College Graduates
29%
Education Distribution
Coolbaugh, PA
Source: U.S. Census Bureau

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