Loading...

Multifamily Loans in
Mcdonough, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Mcdonough, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mcdonough 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Mcdonough 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 Mcdonough, GA

All major multifamily lender types are lending in Mcdonough.


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 04, 2021


Mcdonough Market

The city of Mcdonough in Henry County has a population of 26,768. The median rent in Henry County for a 2 bedroom is $1,284. The median Mcdonough resident is 32 years old with a yearly income of $30,248. The average family has 3.48 members and a median household income of $63,108. Mcdonough has a 30% higher education rate. The unemployment rate in Mcdonough is 7.3%.


Population
26,768 people

County
Henry County

Renters

54.7% of Mcdonough households are renters.


Rent Burden

27.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Henry County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mcdonough Demographics


Median Individual Income
$30,248 / year

Median Household Income
$63,108 / year

Families w/ Dual Incomes
56%

Unemployment Rate
7.3%
Household Income Distribution
Mcdonough, GA

Median Age
32 years

Avg Family Size
3.48 people
Age Distribution
Mcdonough, GA

College Education or Above
30%

STEM College Graduates
36%
Education Distribution
Mcdonough, GA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day