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Multifamily Loans in
Manalapan, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Manalapan, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Manalapan 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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Manalapan 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 Manalapan, NJ

All major multifamily lender types are lending in Manalapan.


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


Manalapan Market

The city of Manalapan in Monmouth County has a population of 39,702. The median rent in Monmouth County for a 2 bedroom is $1,771. The median Manalapan resident is 44 years old with a yearly income of $51,178. The average family has 3.29 members and a median household income of $122,304. Manalapan has a 52% higher education rate. The unemployment rate in Manalapan is 3.9%.


Population
39,702 people

County
Monmouth County

Renters

14.4% of Manalapan households are renters.


Rent Burden

35.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monmouth 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

Manalapan Demographics


Median Individual Income
$51,178 / year

Median Household Income
$122,304 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.9%
Household Income Distribution
Manalapan, NJ

Median Age
44 years

Avg Family Size
3.29 people
Age Distribution
Manalapan, NJ

College Education or Above
52%

STEM College Graduates
42%
Education Distribution
Manalapan, NJ
Source: U.S. Census Bureau

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