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Multifamily Loans in
Logan, UT

Overview

Logan is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Logan are considered greater risk due to market dynamics. Interest rates for multifamily loans in Logan are higher than the national average. Logan apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Logan.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Logan, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Logan 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 $6M
5 Year Fixed 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
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 Logan 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 Logan, UT

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Logan.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 02, 2021


Logan Market

The city of Logan in Cache County has a population of 51,542. The median rent in Cache County for a 2 bedroom is $825. The median Logan resident is 24 years old with a yearly income of $18,863. The average family has 3.24 members and a median household income of $41,833. Logan has a 37% higher education rate. The unemployment rate in Logan is 2.8%.


Population
51,542 people

County
Cache County

Renters

60.7% of Logan households are renters.


Rent Burden

29.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cache County 1
Utah 2
National 2
Studio $544 $659 $737
1 bedroom $652 $743 $813
2 bedroom $825 $922 $1,015
3 bedroom $1,181 $1,250 $1,325
4 bedroom $1,428 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Logan Demographics


Median Individual Income
$18,863 / year

Median Household Income
$41,833 / year

Families w/ Dual Incomes
62%

Unemployment Rate
2.8%
Household Income Distribution
Logan, UT

Median Age
24 years

Avg Family Size
3.24 people
Age Distribution
Logan, UT

College Education or Above
37%

STEM College Graduates
44%
Education Distribution
Logan, UT
Source: U.S. Census Bureau

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