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Multifamily Loans in
Germantown, TN

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Germantown, TN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Germantown 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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Germantown 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 08, 2021


Multifamily Lenders in Germantown, TN

All major multifamily lender types are lending in Germantown.


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 08, 2021


Germantown Market

The city of Germantown in Shelby County has a population of 39,225. The median rent in Shelby County for a 2 bedroom is $972. The median Germantown resident is 45 years old with a yearly income of $54,362. The average family has 3.05 members and a median household income of $118,163. Germantown has a 66% higher education rate. The unemployment rate in Germantown is 2.9%.


Population
39,225 people

County
Shelby County

Renters

14% of Germantown households are renters.


Rent Burden

26.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Shelby County 1
Tennessee 2
National 2
Studio $732 $618 $737
1 bedroom $836 $657 $813
2 bedroom $972 $813 $1,015
3 bedroom $1,311 $1,073 $1,325
4 bedroom $1,507 $1,248 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Germantown Demographics


Median Individual Income
$54,362 / year

Median Household Income
$118,163 / year

Families w/ Dual Incomes
58%

Unemployment Rate
2.9%
Household Income Distribution
Germantown, TN

Median Age
45 years

Avg Family Size
3.05 people
Age Distribution
Germantown, TN

College Education or Above
66%

STEM College Graduates
41%
Education Distribution
Germantown, TN
Source: U.S. Census Bureau

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