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Multifamily Loans in
Malden, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Malden, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Malden 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 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Malden 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 26, 2021


Multifamily Lenders in Malden, MA

All major multifamily lender types are lending in Malden.


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 26, 2021


Malden Market

The city of Malden in Middlesex County has a population of 60,470. The median rent in Middlesex County for a 2 bedroom is $2,470. The median Malden resident is 35 years old with a yearly income of $34,052. The average family has 3.25 members and a median household income of $65,975. Malden has a 39% higher education rate. The unemployment rate in Malden is 5.0%.


Population
60,470 people

County
Middlesex County

Renters

59% of Malden households are renters.


Rent Burden

39% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex County 1
Massachusetts 2
National 2
Studio $1,842 $1,259 $737
1 bedroom $2,034 $1,399 $813
2 bedroom $2,470 $1,747 $1,015
3 bedroom $3,072 $2,190 $1,325
4 bedroom $3,349 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Malden Demographics


Median Individual Income
$34,052 / year

Median Household Income
$65,975 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.0%
Household Income Distribution
Malden, MA

Median Age
35 years

Avg Family Size
3.25 people
Age Distribution
Malden, MA

College Education or Above
39%

STEM College Graduates
56%
Education Distribution
Malden, MA
Source: U.S. Census Bureau

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