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Multifamily Loans in
Duluth, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Duluth, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Duluth 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Duluth 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 Duluth, GA

All major multifamily lender types are lending in Duluth.


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 04, 2021


Duluth Market

The city of Duluth in Gwinnett County has a population of 29,609. The median rent in Gwinnett County for a 2 bedroom is $1,284. The median Duluth resident is 39 years old with a yearly income of $37,474. The average family has 3.16 members and a median household income of $71,220. Duluth has a 48% higher education rate. The unemployment rate in Duluth is 3.9%.


Population
29,609 people

County
Gwinnett County

Renters

44.9% of Duluth households are renters.


Rent Burden

27.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Gwinnett County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Duluth Demographics


Median Individual Income
$37,474 / year

Median Household Income
$71,220 / year

Families w/ Dual Incomes
56%

Unemployment Rate
3.9%
Household Income Distribution
Duluth, GA

Median Age
39 years

Avg Family Size
3.16 people
Age Distribution
Duluth, GA

College Education or Above
48%

STEM College Graduates
45%
Education Distribution
Duluth, GA
Source: U.S. Census Bureau

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