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Multifamily Loans in
Livingston, NJ

Overview

Livingston is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Livingston are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Livingston are some of the lowest nationally. Livingston 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 Livingston.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Livingston, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Livingston 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
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 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Livingston 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 Nov 29, 2021


Multifamily Lenders in Livingston, NJ

All major multifamily lender types are lending in Livingston.


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 Nov 29, 2021


Livingston Market

The city of Livingston in Essex County has a population of 29,846. The median rent in Essex County for a 2 bedroom is $1,776. The median Livingston resident is 46 years old with a yearly income of $68,952. The average family has 3.25 members and a median household income of $166,629. Livingston has a 72% higher education rate. The unemployment rate in Livingston is 2.9%.


Population
29,846 people

County
Essex County

Renters

13.4% of Livingston households are renters.


Rent Burden

37.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Essex County 1
New Jersey 2
National 2
Studio $1,221 $1,166 $737
1 bedroom $1,468 $1,353 $813
2 bedroom $1,776 $1,671 $1,015
3 bedroom $2,265 $2,131 $1,325
4 bedroom $2,700 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Livingston Demographics


Median Individual Income
$68,952 / year

Median Household Income
$166,629 / year

Families w/ Dual Incomes
62%

Unemployment Rate
2.9%
Household Income Distribution
Livingston, NJ

Median Age
46 years

Avg Family Size
3.25 people
Age Distribution
Livingston, NJ

College Education or Above
72%

STEM College Graduates
52%
Education Distribution
Livingston, NJ
Source: U.S. Census Bureau

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