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Multifamily Loans in
Maricopa, AZ

Overview

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

Get multifamily loan quotes for Apr 19, 2024


Multifamily Loan Rates in Maricopa, AZ

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

Fannie Mae®
$1M to $6M
5 Year Fixed 6.71% - 7.45%
7 Year Fixed 6.66% - 7.17%
10 Year Fixed 6.64% - 7.04%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 6.39% - 6.63%
7 Year Fixed 6.13% - 6.37%
10 Year Fixed 6.24% - 6.48%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.51% - 7.25%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.44% - 6.84%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.59% - 5.69%
7 Year Fixed 5.64% - 5.74%
10 Year Fixed 5.62% - 5.72%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 04/18/2024. This is not an offer or commitment to lend. Multifamily loan rates in Maricopa 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 Apr 19, 2024


Multifamily Lenders in Maricopa, AZ

All major multifamily lender types are lending in Maricopa.


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 Apr 19, 2024


Maricopa Market

The city of Maricopa in Pinal County has a population of 52,127. The median rent in Pinal County for a 2 bedroom is $1,346. The median Maricopa resident is 36 years old with a yearly income of $35,935. The average family has 3.69 members and a median household income of $74,515. Maricopa has a 25% higher education rate. The unemployment rate in Maricopa is 3.9%.


Population
52,127 people

County
Pinal County

Renters

20.5% of Maricopa households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pinal County 1
Arizona 2
National 2
Studio $1,004 $747 $737
1 bedroom $1,111 $822 $813
2 bedroom $1,346 $1,038 $1,015
3 bedroom $1,899 $1,433 $1,325
4 bedroom $2,162 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Maricopa Demographics


Median Individual Income
$35,935 / year

Median Household Income
$74,515 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.9%
Household Income Distribution
Maricopa, AZ

Median Age
36 years

Avg Family Size
3.69 people
Age Distribution
Maricopa, AZ

College Education or Above
25%

STEM College Graduates
45%
Education Distribution
Maricopa, AZ
Source: U.S. Census Bureau

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