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Multifamily Loans in
Indian Trail, NC

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Indian Trail, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Indian Trail 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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
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 Indian Trail 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 Indian Trail, NC

All major multifamily lender types are lending in Indian Trail.


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


Indian Trail Market

The city of Indian Trail in Union County has a population of 40,252. The median rent in Union County for a 2 bedroom is $1,243. The median Indian Trail resident is 35 years old with a yearly income of $39,580. The average family has 3.41 members and a median household income of $83,905. Indian Trail has a 37% higher education rate. The unemployment rate in Indian Trail is 3.7%.


Population
40,252 people

County
Union County

Renters

16.4% of Indian Trail households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Union County 1
North Carolina 2
National 2
Studio $1,066 $694 $737
1 bedroom $1,090 $713 $813
2 bedroom $1,243 $871 $1,015
3 bedroom $1,639 $1,152 $1,325
4 bedroom $2,112 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Indian Trail Demographics


Median Individual Income
$39,580 / year

Median Household Income
$83,905 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.7%
Household Income Distribution
Indian Trail, NC

Median Age
35 years

Avg Family Size
3.41 people
Age Distribution
Indian Trail, NC

College Education or Above
37%

STEM College Graduates
40%
Education Distribution
Indian Trail, NC
Source: U.S. Census Bureau

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