Loading...

Multifamily Loans in
East Meadow, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in East Meadow, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in East Meadow 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 East Meadow 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 East Meadow, NY

All major multifamily lender types are lending in East Meadow.


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


East Meadow Market

The city of East Meadow in Nassau County has a population of 38,029. The median rent in Nassau County for a 2 bedroom is $2,190. The median East Meadow resident is 41 years old with a yearly income of $41,509. The average family has 3.33 members and a median household income of $106,409. East Meadow has a 38% higher education rate. The unemployment rate in East Meadow is 4.1%.


Population
38,029 people

County
Nassau County

Renters

13.8% of East Meadow households are renters.


Rent Burden

41.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Nassau 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

East Meadow Demographics


Median Individual Income
$41,509 / year

Median Household Income
$106,409 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.1%
Household Income Distribution
East Meadow, NY

Median Age
41 years

Avg Family Size
3.33 people
Age Distribution
East Meadow, NY

College Education or Above
38%

STEM College Graduates
42%
Education Distribution
East Meadow, NY
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