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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gilbert are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.63% - 6.87% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Gilbert.
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%.
26.3% of Gilbert households are renters.
28.7% median household income spent on rent.
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 |
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