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Multifamily Loans in
La Vergne, TN

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in La Vergne, TN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Vergne 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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in La Vergne 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 08, 2021


Multifamily Lenders in La Vergne, TN

All major multifamily lender types are lending in La Vergne.


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 08, 2021


La Vergne Market

The city of La Vergne in Rutherford County has a population of 35,716. The median rent in Rutherford County for a 2 bedroom is $1,293. The median La Vergne resident is 31 years old with a yearly income of $31,191. The average family has 3.62 members and a median household income of $64,531. La Vergne has a 22% higher education rate. The unemployment rate in La Vergne is 4.3%.


Population
35,716 people

County
Rutherford County

Renters

29.3% of La Vergne households are renters.


Rent Burden

29% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rutherford County 1
Tennessee 2
National 2
Studio $1,078 $618 $737
1 bedroom $1,114 $657 $813
2 bedroom $1,293 $813 $1,015
3 bedroom $1,663 $1,073 $1,325
4 bedroom $2,085 $1,248 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

La Vergne Demographics


Median Individual Income
$31,191 / year

Median Household Income
$64,531 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.3%
Household Income Distribution
La Vergne, TN

Median Age
31 years

Avg Family Size
3.62 people
Age Distribution
La Vergne, TN

College Education or Above
22%

STEM College Graduates
40%
Education Distribution
La Vergne, TN
Source: U.S. Census Bureau

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