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Multifamily Loans in
Holly Springs, NC

Overview

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.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Holly Springs, NC

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 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Holly Springs 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 Holly Springs, NC

All major multifamily lender types are lending in Holly Springs.


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


Holly Springs Market

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%.


Population
37,812 people

County
Wake County

Renters

17.5% of Holly Springs households are renters.


Rent Burden

26.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Holly Springs Demographics


Median Individual Income
$48,956 / year

Median Household Income
$112,029 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.7%
Household Income Distribution
Holly Springs, NC

Median Age
36 years

Avg Family Size
3.42 people
Age Distribution
Holly Springs, NC

College Education or Above
58%

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

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