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Multifamily Loans in
Fall River, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Fall River, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fall River 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Fall River 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 26, 2021


Multifamily Lenders in Fall River, MA

All major multifamily lender types are lending in Fall River.


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 26, 2021


Fall River Market

The city of Fall River in Bristol County has a population of 89,541. The median rent in Bristol County for a 2 bedroom is $1,239. The median Fall River resident is 40 years old with a yearly income of $25,056. The average family has 2.93 members and a median household income of $43,503. Fall River has a 15% higher education rate. The unemployment rate in Fall River is 8.4%.


Population
89,541 people

County
Bristol County

Renters

63.7% of Fall River households are renters.


Rent Burden

32.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Bristol County 1
Massachusetts 2
National 2
Studio $915 $1,259 $737
1 bedroom $1,030 $1,399 $813
2 bedroom $1,239 $1,747 $1,015
3 bedroom $1,541 $2,190 $1,325
4 bedroom $1,850 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fall River Demographics


Median Individual Income
$25,056 / year

Median Household Income
$43,503 / year

Families w/ Dual Incomes
41%

Unemployment Rate
8.4%
Household Income Distribution
Fall River, MA

Median Age
40 years

Avg Family Size
2.93 people
Age Distribution
Fall River, MA

College Education or Above
15%

STEM College Graduates
41%
Education Distribution
Fall River, MA
Source: U.S. Census Bureau

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