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Multifamily Loans in
Griffin, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Griffin, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Griffin 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 3.32% - 3.56%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Griffin 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 04, 2021


Multifamily Lenders in Griffin, GA

All major multifamily lender types are lending in Griffin.


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 04, 2021


Griffin Market

The city of Griffin in Spalding County has a population of 22,813. The median rent in Spalding County for a 2 bedroom is $1,284. The median Griffin resident is 33 years old with a yearly income of $21,375. The average family has 3.24 members and a median household income of $36,890. Griffin has a 20% higher education rate. The unemployment rate in Griffin is 5.3%.


Population
22,813 people

County
Spalding County

Renters

63.6% of Griffin households are renters.


Rent Burden

34.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Spalding County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Griffin Demographics


Median Individual Income
$21,375 / year

Median Household Income
$36,890 / year

Families w/ Dual Incomes
41%

Unemployment Rate
5.3%
Household Income Distribution
Griffin, GA

Median Age
33 years

Avg Family Size
3.24 people
Age Distribution
Griffin, GA

College Education or Above
20%

STEM College Graduates
44%
Education Distribution
Griffin, GA
Source: U.S. Census Bureau

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