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Multifamily Loans in
Grapevine, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Grapevine, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Grapevine 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 3.47% - 3.71%
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 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Grapevine 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 Grapevine, TX

All major multifamily lender types are lending in Grapevine.


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


Grapevine Market

The city of Grapevine in Tarrant County has a population of 55,281. The median rent in Tarrant County for a 2 bedroom is $1,333. The median Grapevine resident is 38 years old with a yearly income of $43,249. The average family has 3.19 members and a median household income of $91,143. Grapevine has a 48% higher education rate. The unemployment rate in Grapevine is 3.8%.


Population
55,281 people

County
Tarrant County

Renters

47.2% of Grapevine households are renters.


Rent Burden

25.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tarrant County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Grapevine Demographics


Median Individual Income
$43,249 / year

Median Household Income
$91,143 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.8%
Household Income Distribution
Grapevine, TX

Median Age
38 years

Avg Family Size
3.19 people
Age Distribution
Grapevine, TX

College Education or Above
48%

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

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