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Multifamily Loans in
East Brunswick, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in East Brunswick, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in East Brunswick 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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 East Brunswick 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 East Brunswick, NJ

All major multifamily lender types are lending in East Brunswick.


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


East Brunswick Market

The city of East Brunswick in Middlesex County has a population of 47,819. The median rent in Middlesex County for a 2 bedroom is $1,888. The median East Brunswick resident is 45 years old with a yearly income of $45,696. The average family has 3.25 members and a median household income of $115,445. East Brunswick has a 56% higher education rate. The unemployment rate in East Brunswick is 6.2%.


Population
47,819 people

County
Middlesex County

Renters

18.7% of East Brunswick households are renters.


Rent Burden

35.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex County 1
New Jersey 2
National 2
Studio $1,297 $1,166 $737
1 bedroom $1,477 $1,353 $813
2 bedroom $1,888 $1,671 $1,015
3 bedroom $2,356 $2,131 $1,325
4 bedroom $2,683 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

East Brunswick Demographics


Median Individual Income
$45,696 / year

Median Household Income
$115,445 / year

Families w/ Dual Incomes
66%

Unemployment Rate
6.2%
Household Income Distribution
East Brunswick, NJ

Median Age
45 years

Avg Family Size
3.25 people
Age Distribution
East Brunswick, NJ

College Education or Above
56%

STEM College Graduates
51%
Education Distribution
East Brunswick, NJ
Source: U.S. Census Bureau

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