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Multifamily Loans in
Little Egg Harbor, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Little Egg Harbor, NJ

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
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 Little Egg Harbor 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 Little Egg Harbor, NJ

All major multifamily lender types are lending in Little Egg Harbor.


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


Little Egg Harbor Market

The city of Little Egg Harbor in Ocean County has a population of 21,127. The median rent in Ocean County for a 2 bedroom is $1,771. The median Little Egg Harbor resident is 51 years old with a yearly income of $32,618. The average family has 2.77 members and a median household income of $66,974. Little Egg Harbor has a 27% higher education rate. The unemployment rate in Little Egg Harbor is 5.5%.


Population
21,127 people

County
Ocean County

Renters

13.8% of Little Egg Harbor households are renters.


Rent Burden

41.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ocean County 1
New Jersey 2
National 2
Studio $1,207 $1,166 $737
1 bedroom $1,384 $1,353 $813
2 bedroom $1,771 $1,671 $1,015
3 bedroom $2,441 $2,131 $1,325
4 bedroom $2,706 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Little Egg Harbor Demographics


Median Individual Income
$32,618 / year

Median Household Income
$66,974 / year

Families w/ Dual Incomes
45%

Unemployment Rate
5.5%
Household Income Distribution
Little Egg Harbor, NJ

Median Age
51 years

Avg Family Size
2.77 people
Age Distribution
Little Egg Harbor, NJ

College Education or Above
27%

STEM College Graduates
40%
Education Distribution
Little Egg Harbor, NJ
Source: U.S. Census Bureau

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