Greenburgh is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Greenburgh are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Greenburgh are some of the lowest nationally. Greenburgh 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 Greenburgh.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greenburgh are:
Fannie Mae® |
$1M to $6M |
---|---|
5 Year Fixed | 6.74% - 7.48% |
7 Year Fixed | 6.70% - 7.21% |
10 Year Fixed | 6.71% - 7.11% |
Freddie Mac® |
$1M to $7.5M |
---|---|
5 Year Fixed | 6.97% - 7.21% |
7 Year Fixed | 6.93% - 7.17% |
10 Year Fixed | 6.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
---|---|
5 Year Fixed | 6.54% - 7.28% |
7 Year Fixed | 6.50% - 7.01% |
10 Year Fixed | 6.51% - 6.91% |
Freddie Mac® |
$7.5M to $100M |
---|---|
5 Year Fixed | 5.95% - 6.05% |
7 Year Fixed | 5.96% - 6.06% |
10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Greenburgh.
The city of Greenburgh in Westchester County has a population of 91,382. The median rent in Westchester County for a 2 bedroom is $2,116. The median Greenburgh resident is 43 years old with a yearly income of $57,115. The average family has 3.19 members and a median household income of $129,165. Greenburgh has a 63% higher education rate. The unemployment rate in Greenburgh is 4.6%.
27.1% of Greenburgh households are renters.
28.9% median household income spent on rent.
Bedrooms |
Westchester County 1 |
New York 2 |
National 2 |
---|---|---|---|
Studio | $1,509 | $909 | $737 |
1 bedroom | $1,763 | $990 | $813 |
2 bedroom | $2,116 | $1,202 | $1,015 |
3 bedroom | $2,705 | $1,537 | $1,325 |
4 bedroom | $3,074 | $1,692 | $1,521 |
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