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Multifamily Loans in
Gilbert, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Gilbert, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gilbert 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
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 Gilbert 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 Gilbert, AZ

All major multifamily lender types are lending in Gilbert.


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


Gilbert Market

The city of Gilbert in Maricopa County has a population of 254,114. The median rent in Maricopa County for a 2 bedroom is $1,346. The median Gilbert resident is 34 years old with a yearly income of $42,564. The average family has 3.54 members and a median household income of $96,857. Gilbert has a 44% higher education rate. The unemployment rate in Gilbert is 4.1%.


Population
254,114 people

County
Maricopa County

Renters

26.3% of Gilbert households are renters.


Rent Burden

28.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Maricopa County 1
Arizona 2
National 2
Studio $1,004 $747 $737
1 bedroom $1,111 $822 $813
2 bedroom $1,346 $1,038 $1,015
3 bedroom $1,899 $1,433 $1,325
4 bedroom $2,162 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Gilbert Demographics


Median Individual Income
$42,564 / year

Median Household Income
$96,857 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.1%
Household Income Distribution
Gilbert, AZ

Median Age
34 years

Avg Family Size
3.54 people
Age Distribution
Gilbert, AZ

College Education or Above
44%

STEM College Graduates
44%
Education Distribution
Gilbert, AZ
Source: U.S. Census Bureau

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