Glenville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Glenville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Glenville are competitive. Glenville 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 Glenville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Glenville are:
Fannie Mae® |
$1M to $6M |
---|---|
5 Year Fixed | 6.71% - 7.45% |
7 Year Fixed | 6.66% - 7.17% |
10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
---|---|
5 Year Fixed | 6.34% - 6.58% |
7 Year Fixed | 6.18% - 6.42% |
10 Year Fixed | 6.19% - 6.43% |
Fannie Mae® |
$6M to $100M |
---|---|
5 Year Fixed | 6.51% - 7.25% |
7 Year Fixed | 6.46% - 6.97% |
10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
---|---|
5 Year Fixed | 5.59% - 5.69% |
7 Year Fixed | 5.64% - 5.74% |
10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Glenville.
The city of Glenville in Schenectady County has a population of 29,292. The median rent in Schenectady County for a 2 bedroom is $1,205. The median Glenville resident is 43 years old with a yearly income of $37,745. The average family has 3.46 members and a median household income of $79,037. Glenville has a 40% higher education rate. The unemployment rate in Glenville is 3.4%.
24.1% of Glenville households are renters.
37.3% median household income spent on rent.
Bedrooms |
Schenectady County 1 |
New York 2 |
National 2 |
---|---|---|---|
Studio | $873 | $909 | $737 |
1 bedroom | $984 | $990 | $813 |
2 bedroom | $1,205 | $1,202 | $1,015 |
3 bedroom | $1,499 | $1,537 | $1,325 |
4 bedroom | $1,634 | $1,692 | $1,521 |
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