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Multifamily Loans in
Easley, SC

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Easley, SC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Easley 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 Easley 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 Easley, SC

All major multifamily lender types are lending in Easley.


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


Easley Market

The city of Easley in Pickens County has a population of 21,364. The median rent in Pickens County for a 2 bedroom is $1,022. The median Easley resident is 42 years old with a yearly income of $27,835. The average family has 2.91 members and a median household income of $52,414. Easley has a 25% higher education rate. The unemployment rate in Easley is 4.4%.


Population
21,364 people

County
Pickens County

Renters

35.7% of Easley households are renters.


Rent Burden

28.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pickens County 1
South Carolina 2
National 2
Studio $793 $697 $737
1 bedroom $897 $732 $813
2 bedroom $1,022 $879 $1,015
3 bedroom $1,361 $1,158 $1,325
4 bedroom $1,647 $1,369 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Easley Demographics


Median Individual Income
$27,835 / year

Median Household Income
$52,414 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.4%
Household Income Distribution
Easley, SC

Median Age
42 years

Avg Family Size
2.91 people
Age Distribution
Easley, SC

College Education or Above
25%

STEM College Graduates
35%
Education Distribution
Easley, SC
Source: U.S. Census Bureau

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