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Multifamily Loans in
Middle River, MD

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Middle River, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Middle River 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 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Middle River 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 05, 2021


Multifamily Lenders in Middle River, MD

All major multifamily lender types are lending in Middle River.


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 05, 2021


Middle River Market

The city of Middle River in Baltimore County has a population of 25,129. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Middle River resident is 37 years old with a yearly income of $31,110. The average family has 3.27 members and a median household income of $57,621. Middle River has a 18% higher education rate. The unemployment rate in Middle River is 5.6%.


Population
25,129 people

County
Baltimore County

Renters

43.5% of Middle River households are renters.


Rent Burden

30.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Baltimore County 1
Maryland 2
National 2
Studio $997 $1,013 $737
1 bedroom $1,213 $1,126 $813
2 bedroom $1,505 $1,365 $1,015
3 bedroom $1,950 $1,803 $1,325
4 bedroom $2,233 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Middle River Demographics


Median Individual Income
$31,110 / year

Median Household Income
$57,621 / year

Families w/ Dual Incomes
50%

Unemployment Rate
5.6%
Household Income Distribution
Middle River, MD

Median Age
37 years

Avg Family Size
3.27 people
Age Distribution
Middle River, MD

College Education or Above
18%

STEM College Graduates
53%
Education Distribution
Middle River, MD
Source: U.S. Census Bureau

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