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Multifamily Loans in
Greenville, NC

Overview

Greenville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Greenville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Greenville are slightly higher than the national average. Greenville apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Greenville.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Greenville, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greenville 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 $6M
5 Year Fixed 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Greenville 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 02, 2021


Multifamily Lenders in Greenville, NC

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Greenville.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 02, 2021


Greenville Market

The city of Greenville in Pitt County has a population of 93,400. The median rent in Pitt County for a 2 bedroom is $942. The median Greenville resident is 27 years old with a yearly income of $21,596. The average family has 2.98 members and a median household income of $40,875. Greenville has a 38% higher education rate. The unemployment rate in Greenville is 8.9%.


Population
93,400 people

County
Pitt County

Renters

66.9% of Greenville households are renters.


Rent Burden

33.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pitt County 1
North Carolina 2
National 2
Studio $755 $694 $737
1 bedroom $760 $713 $813
2 bedroom $942 $871 $1,015
3 bedroom $1,318 $1,152 $1,325
4 bedroom $1,631 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Greenville Demographics


Median Individual Income
$21,596 / year

Median Household Income
$40,875 / year

Families w/ Dual Incomes
49%

Unemployment Rate
8.9%
Household Income Distribution
Greenville, NC

Median Age
27 years

Avg Family Size
2.98 people
Age Distribution
Greenville, NC

College Education or Above
38%

STEM College Graduates
47%
Education Distribution
Greenville, NC
Source: U.S. Census Bureau

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