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Multifamily Loans in
Marrero, LA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Marrero, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Marrero 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 $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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®
$7.5M to $100M
5 Year Fixed 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Marrero 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 08, 2021


Multifamily Lenders in Marrero, LA

All major multifamily lender types are lending in Marrero.


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 08, 2021


Marrero Market

The city of Marrero in Jefferson Parish has a population of 30,894. The median rent in Jefferson Parish for a 2 bedroom is $1,127. The median Marrero resident is 42 years old with a yearly income of $24,220. The average family has 3.28 members and a median household income of $44,866. Marrero has a 12% higher education rate. The unemployment rate in Marrero is 7.0%.


Population
30,894 people

County
Jefferson Parish

Renters

33% of Marrero households are renters.


Rent Burden

50.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson Parish 1
Louisiana 2
National 2
Studio $813 $665 $737
1 bedroom $955 $729 $813
2 bedroom $1,127 $888 $1,015
3 bedroom $1,457 $1,160 $1,325
4 bedroom $1,681 $1,326 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Marrero Demographics


Median Individual Income
$24,220 / year

Median Household Income
$44,866 / year

Families w/ Dual Incomes
44%

Unemployment Rate
7.0%
Household Income Distribution
Marrero, LA

Median Age
42 years

Avg Family Size
3.28 people
Age Distribution
Marrero, LA

College Education or Above
12%

STEM College Graduates
44%
Education Distribution
Marrero, LA
Source: U.S. Census Bureau

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