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Multifamily Loans in
Forest Park, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Forest Park, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Forest Park 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 Forest Park 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 Forest Park, GA

All major multifamily lender types are lending in Forest Park.


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


Forest Park Market

The city of Forest Park in Clayton County has a population of 20,020. The median rent in Clayton County for a 2 bedroom is $1,284. The median Forest Park resident is 33 years old with a yearly income of $20,783. The average family has 3.85 members and a median household income of $36,792. Forest Park has a 8% higher education rate. The unemployment rate in Forest Park is 9.4%.


Population
20,020 people

County
Clayton County

Renters

61.3% of Forest Park households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Clayton County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Forest Park Demographics


Median Individual Income
$20,783 / year

Median Household Income
$36,792 / year

Families w/ Dual Incomes
40%

Unemployment Rate
9.4%
Household Income Distribution
Forest Park, GA

Median Age
33 years

Avg Family Size
3.85 people
Age Distribution
Forest Park, GA

College Education or Above
8%

STEM College Graduates
44%
Education Distribution
Forest Park, GA
Source: U.S. Census Bureau

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