Loading...

Multifamily Loans in
Gastonia, NC

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Gastonia, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gastonia 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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Gastonia 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 02, 2021


Multifamily Lenders in Gastonia, NC

All major multifamily lender types are lending in Gastonia.


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 02, 2021


Gastonia Market

The city of Gastonia in Gaston County has a population of 77,273. The median rent in Gaston County for a 2 bedroom is $1,243. The median Gastonia resident is 38 years old with a yearly income of $26,360. The average family has 3.24 members and a median household income of $49,460. Gastonia has a 24% higher education rate. The unemployment rate in Gastonia is 7.2%.


Population
77,273 people

County
Gaston County

Renters

46.3% of Gastonia households are renters.


Rent Burden

31.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Gaston County 1
North Carolina 2
National 2
Studio $1,066 $694 $737
1 bedroom $1,090 $713 $813
2 bedroom $1,243 $871 $1,015
3 bedroom $1,639 $1,152 $1,325
4 bedroom $2,112 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Gastonia Demographics


Median Individual Income
$26,360 / year

Median Household Income
$49,460 / year

Families w/ Dual Incomes
52%

Unemployment Rate
7.2%
Household Income Distribution
Gastonia, NC

Median Age
38 years

Avg Family Size
3.24 people
Age Distribution
Gastonia, NC

College Education or Above
24%

STEM College Graduates
37%
Education Distribution
Gastonia, NC
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day