Loading...

Multifamily Loans in
Grand Prairie, TX

Overview

Grand Prairie is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Grand Prairie are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Grand Prairie are some of the lowest nationally. Grand Prairie 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 Grand Prairie.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Grand Prairie, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Grand Prairie 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Grand Prairie 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 03, 2021


Multifamily Lenders in Grand Prairie, TX

All major multifamily lender types are lending in Grand Prairie.


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 03, 2021


Grand Prairie Market

The city of Grand Prairie in Dallas County has a population of 194,543. The median rent in Dallas County for a 2 bedroom is $1,473. The median Grand Prairie resident is 33 years old with a yearly income of $31,457. The average family has 3.66 members and a median household income of $67,388. Grand Prairie has a 24% higher education rate. The unemployment rate in Grand Prairie is 4.6%.


Population
194,543 people

County
Dallas County

Renters

37.3% of Grand Prairie households are renters.


Rent Burden

27.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dallas County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Grand Prairie Demographics


Median Individual Income
$31,457 / year

Median Household Income
$67,388 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.6%
Household Income Distribution
Grand Prairie, TX

Median Age
33 years

Avg Family Size
3.66 people
Age Distribution
Grand Prairie, TX

College Education or Above
24%

STEM College Graduates
39%
Education Distribution
Grand Prairie, TX
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day