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Multifamily Loans in
Frisco, TX

Overview

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

Get multifamily loan quotes for Oct 06, 2024


Multifamily Loan Rates in Frisco, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Frisco are:

Fannie Mae®
$1M to $6M
5 Year Fixed 6.56% - 7.30%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.40% - 6.80%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 5.49% - 5.73%
7 Year Fixed 5.28% - 5.52%
10 Year Fixed 5.19% - 5.43%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.36% - 7.10%
7 Year Fixed 6.26% - 6.77%
10 Year Fixed 6.20% - 6.60%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.60% - 5.75%
7 Year Fixed 5.61% - 5.76%
10 Year Fixed 5.61% - 5.76%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 10/05/2024. This is not an offer or commitment to lend. Multifamily loan rates in Frisco 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 Oct 06, 2024


Multifamily Lenders in Frisco, TX

All major multifamily lender types are lending in Frisco.


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 Oct 06, 2024


Frisco Market

The city of Frisco in Collin County has a population of 200,490. The median rent in Collin County for a 2 bedroom is $1,473. The median Frisco resident is 37 years old with a yearly income of $60,408. The average family has 3.41 members and a median household income of $127,055. Frisco has a 63% higher education rate. The unemployment rate in Frisco is 3.6%.


Population
200,490 people

County
Collin County

Renters

28.4% of Frisco households are renters.


Rent Burden

25.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Collin County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Frisco Demographics


Median Individual Income
$60,408 / year

Median Household Income
$127,055 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.6%
Household Income Distribution
Frisco, TX

Median Age
37 years

Avg Family Size
3.41 people
Age Distribution
Frisco, TX

College Education or Above
63%

STEM College Graduates
49%
Education Distribution
Frisco, TX
Source: U.S. Census Bureau

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