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Multifamily Loans in
Jacksonville, AR

Overview

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

Get multifamily loan quotes for Dec 06, 2024


Multifamily Loan Rates in Jacksonville, AR

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

Fannie Mae®
$1M to $6M
5 Year Fixed 6.56% - 7.30%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.40% - 6.80%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 5.44% - 5.68%
7 Year Fixed 5.28% - 5.52%
10 Year Fixed 5.19% - 5.43%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.36% - 7.10%
7 Year Fixed 6.26% - 6.77%
10 Year Fixed 6.20% - 6.60%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.60% - 5.75%
7 Year Fixed 5.61% - 5.76%
10 Year Fixed 5.61% - 5.76%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/05/2024. This is not an offer or commitment to lend. Multifamily loan rates in Jacksonville 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 06, 2024


Multifamily Lenders in Jacksonville, AR

All major multifamily lender types are lending in Jacksonville.


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 06, 2024


Jacksonville Market

The city of Jacksonville in Pulaski County has a population of 28,235. The median rent in Pulaski County for a 2 bedroom is $898. The median Jacksonville resident is 34 years old with a yearly income of $27,099. The average family has 3.27 members and a median household income of $48,727. Jacksonville has a 19% higher education rate. The unemployment rate in Jacksonville is 6.0%.


Population
28,235 people

County
Pulaski County

Renters

47.9% of Jacksonville households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pulaski County 1
Arkansas 2
National 2
Studio $742 $535 $737
1 bedroom $777 $574 $813
2 bedroom $898 $723 $1,015
3 bedroom $1,206 $954 $1,325
4 bedroom $1,416 $1,104 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Jacksonville Demographics


Median Individual Income
$27,099 / year

Median Household Income
$48,727 / year

Families w/ Dual Incomes
45%

Unemployment Rate
6.0%
Household Income Distribution
Jacksonville, AR

Median Age
34 years

Avg Family Size
3.27 people
Age Distribution
Jacksonville, AR

College Education or Above
19%

STEM College Graduates
42%
Education Distribution
Jacksonville, AR
Source: U.S. Census Bureau

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