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Multifamily Loans in
Edison, NJ

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Edison, NJ

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

All major multifamily lender types are lending in Edison.


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


Edison Market

The city of Edison in Middlesex County has a population of 100,447. The median rent in Middlesex County for a 2 bedroom is $1,888. The median Edison resident is 40 years old with a yearly income of $47,378. The average family has 3.3 members and a median household income of $103,076. Edison has a 56% higher education rate. The unemployment rate in Edison is 5.1%.


Population
100,447 people

County
Middlesex County

Renters

38.4% of Edison households are renters.


Rent Burden

23.6% 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

Edison Demographics


Median Individual Income
$47,378 / year

Median Household Income
$103,076 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.1%
Household Income Distribution
Edison, NJ

Median Age
40 years

Avg Family Size
3.3 people
Age Distribution
Edison, NJ

College Education or Above
56%

STEM College Graduates
61%
Education Distribution
Edison, NJ
Source: U.S. Census Bureau

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