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Multifamily Loans in
Deer Park, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Deer Park, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Deer Park are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Deer Park 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 Nov 29, 2021


Multifamily Lenders in Deer Park, NY

All major multifamily lender types are lending in Deer Park.


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 Nov 29, 2021


Deer Park Market

The city of Deer Park in Suffolk County has a population of 27,479. The median rent in Suffolk County for a 2 bedroom is $2,190. The median Deer Park resident is 42 years old with a yearly income of $39,827. The average family has 3.69 members and a median household income of $94,645. Deer Park has a 31% higher education rate. The unemployment rate in Deer Park is 4.8%.


Population
27,479 people

County
Suffolk County

Renters

18.2% of Deer Park households are renters.


Rent Burden

35.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Suffolk County 1
New York 2
National 2
Studio $1,445 $909 $737
1 bedroom $1,786 $990 $813
2 bedroom $2,190 $1,202 $1,015
3 bedroom $2,804 $1,537 $1,325
4 bedroom $3,116 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Deer Park Demographics


Median Individual Income
$39,827 / year

Median Household Income
$94,645 / year

Families w/ Dual Incomes
65%

Unemployment Rate
4.8%
Household Income Distribution
Deer Park, NY

Median Age
42 years

Avg Family Size
3.69 people
Age Distribution
Deer Park, NY

College Education or Above
31%

STEM College Graduates
42%
Education Distribution
Deer Park, NY
Source: U.S. Census Bureau

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