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Multifamily Loans in
Hoboken, NJ

Overview

Hoboken is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Hoboken are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Hoboken are some of the lowest nationally. Hoboken 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 Hoboken.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Hoboken, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hoboken are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Hoboken 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 Hoboken, NJ

All major multifamily lender types are lending in Hoboken.


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 02, 2021


Hoboken Market

The city of Hoboken in Hudson County has a population of 52,677. The median rent in Hudson County for a 2 bedroom is $2,119. The median Hoboken resident is 32 years old with a yearly income of $82,393. The average family has 2.7 members and a median household income of $147,620. Hoboken has a 81% higher education rate. The unemployment rate in Hoboken is 3.0%.


Population
52,677 people

County
Hudson County

Renters

67.2% of Hoboken households are renters.


Rent Burden

23.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hudson County 1
New Jersey 2
National 2
Studio $1,677 $1,166 $737
1 bedroom $1,825 $1,353 $813
2 bedroom $2,119 $1,671 $1,015
3 bedroom $2,636 $2,131 $1,325
4 bedroom $2,873 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hoboken Demographics


Median Individual Income
$82,393 / year

Median Household Income
$147,620 / year

Families w/ Dual Incomes
68%

Unemployment Rate
3.0%
Household Income Distribution
Hoboken, NJ

Median Age
32 years

Avg Family Size
2.7 people
Age Distribution
Hoboken, NJ

College Education or Above
81%

STEM College Graduates
40%
Education Distribution
Hoboken, NJ
Source: U.S. Census Bureau

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