Loading...

Multifamily Loans in
Drexel Heights, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Drexel Heights, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Drexel Heights 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Drexel Heights 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 02, 2021


Multifamily Lenders in Drexel Heights, AZ

All major multifamily lender types are lending in Drexel Heights.


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 02, 2021


Drexel Heights Market

The city of Drexel Heights in Pima County has a population of 29,568. The median rent in Pima County for a 2 bedroom is $1,016. The median Drexel Heights resident is 35 years old with a yearly income of $27,018. The average family has 3.45 members and a median household income of $57,790. Drexel Heights has a 13% higher education rate. The unemployment rate in Drexel Heights is 6.4%.


Population
29,568 people

County
Pima County

Renters

23.3% of Drexel Heights households are renters.


Rent Burden

27.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pima County 1
Arizona 2
National 2
Studio $670 $747 $737
1 bedroom $771 $822 $813
2 bedroom $1,016 $1,038 $1,015
3 bedroom $1,454 $1,433 $1,325
4 bedroom $1,724 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Drexel Heights Demographics


Median Individual Income
$27,018 / year

Median Household Income
$57,790 / year

Families w/ Dual Incomes
47%

Unemployment Rate
6.4%
Household Income Distribution
Drexel Heights, AZ

Median Age
35 years

Avg Family Size
3.45 people
Age Distribution
Drexel Heights, AZ

College Education or Above
13%

STEM College Graduates
44%
Education Distribution
Drexel Heights, AZ
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day