Gladstone is located in a good market for 5+ unit multifamily loans. Multifamily loans in Gladstone are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Gladstone are competitive. Gladstone 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 Gladstone.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gladstone 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 | 6.70% - 6.94% |
| 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 Gladstone.
The city of Gladstone in Clay County has a population of 27,489. The median rent in Clay County for a 2 bedroom is $1,095. The median Gladstone resident is 40 years old with a yearly income of $31,360. The average family has 3.05 members and a median household income of $59,018. Gladstone has a 30% higher education rate. The unemployment rate in Gladstone is 5.7%.
37% of Gladstone households are renters.
24.4% median household income spent on rent.
Bedrooms |
Clay County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $535 | $737 |
| 1 bedroom | $919 | $594 | $813 |
| 2 bedroom | $1,095 | $761 | $1,015 |
| 3 bedroom | $1,463 | $1,010 | $1,325 |
| 4 bedroom | $1,665 | $1,155 | $1,521 |
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