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Multifamily Loans in
Fort Collins, CO

Overview

Fort Collins is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Fort Collins are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Fort Collins are slightly higher than the national average. Fort Collins apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Fort Collins.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Fort Collins, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fort Collins 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 $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.56% - 3.80%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Fort Collins 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 Fort Collins, CO

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Fort Collins.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 04, 2021


Fort Collins Market

The city of Fort Collins in Larimer County has a population of 170,243. The median rent in Larimer County for a 2 bedroom is $1,464. The median Fort Collins resident is 29 years old with a yearly income of $29,477. The average family has 2.96 members and a median household income of $65,866. Fort Collins has a 56% higher education rate. The unemployment rate in Fort Collins is 5.4%.


Population
170,243 people

County
Larimer County

Renters

46.6% of Fort Collins households are renters.


Rent Burden

38.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Larimer County 1
Colorado 2
National 2
Studio $1,088 $873 $737
1 bedroom $1,187 $932 $813
2 bedroom $1,464 $1,168 $1,015
3 bedroom $2,095 $1,570 $1,325
4 bedroom $2,535 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Fort Collins Demographics


Median Individual Income
$29,477 / year

Median Household Income
$65,866 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.4%
Household Income Distribution
Fort Collins, CO

Median Age
29 years

Avg Family Size
2.96 people
Age Distribution
Fort Collins, CO

College Education or Above
56%

STEM College Graduates
53%
Education Distribution
Fort Collins, CO
Source: U.S. Census Bureau

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