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Multifamily Loans in
Martinez, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Martinez, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Martinez 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Martinez 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 04, 2021


Multifamily Lenders in Martinez, GA

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


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 04, 2021


Martinez Market

The city of Martinez in Columbia County has a population of 34,844. The median rent in Columbia County for a 2 bedroom is $883. The median Martinez resident is 40 years old with a yearly income of $35,662. The average family has 3.63 members and a median household income of $75,330. Martinez has a 38% higher education rate. The unemployment rate in Martinez is 3.7%.


Population
34,844 people

County
Columbia County

Renters

24.4% of Martinez households are renters.


Rent Burden

24.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Columbia County 1
Georgia 2
National 2
Studio $689 $670 $737
1 bedroom $767 $698 $813
2 bedroom $883 $840 $1,015
3 bedroom $1,200 $1,103 $1,325
4 bedroom $1,529 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Martinez Demographics


Median Individual Income
$35,662 / year

Median Household Income
$75,330 / year

Families w/ Dual Incomes
52%

Unemployment Rate
3.7%
Household Income Distribution
Martinez, GA

Median Age
40 years

Avg Family Size
3.63 people
Age Distribution
Martinez, GA

College Education or Above
38%

STEM College Graduates
51%
Education Distribution
Martinez, GA
Source: U.S. Census Bureau

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