Greeley is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Greeley are considered greater risk due to market dynamics. Interest rates for multifamily loans in Greeley are higher than the national average. Greeley apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Greeley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greeley 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 $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.88% - 7.12% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Greeley.
The city of Greeley in Weld County has a population of 108,649. The median rent in Weld County for a 2 bedroom is $1,270. The median Greeley resident is 32 years old with a yearly income of $29,171. The average family has 3.3 members and a median household income of $57,586. Greeley has a 25% higher education rate. The unemployment rate in Greeley is 5.2%.
40.4% of Greeley households are renters.
31.7% median household income spent on rent.
Bedrooms |
Weld County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $887 | $873 | $737 |
| 1 bedroom | $1,005 | $932 | $813 |
| 2 bedroom | $1,270 | $1,168 | $1,015 |
| 3 bedroom | $1,818 | $1,570 | $1,325 |
| 4 bedroom | $2,132 | $1,825 | $1,521 |
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