Holly Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Holly Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Holly Springs are competitive. Holly Springs 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 Holly Springs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Holly Springs 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Holly Springs.
The city of Holly Springs in Wake County has a population of 37,812. The median rent in Wake County for a 2 bedroom is $1,293. The median Holly Springs resident is 36 years old with a yearly income of $48,956. The average family has 3.42 members and a median household income of $112,029. Holly Springs has a 58% higher education rate. The unemployment rate in Holly Springs is 3.7%.
17.5% of Holly Springs households are renters.
26.4% median household income spent on rent.
Bedrooms |
Wake County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $1,092 | $694 | $737 |
| 1 bedroom | $1,134 | $713 | $813 |
| 2 bedroom | $1,293 | $871 | $1,015 |
| 3 bedroom | $1,626 | $1,152 | $1,325 |
| 4 bedroom | $2,101 | $1,386 | $1,521 |
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