Loading...

Multifamily Loans in
Middletown, NJ

Overview

Middletown is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Middletown are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Middletown are some of the lowest nationally. Middletown 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 Middletown.

Get multifamily loan quotes for Oct 06, 2024


Multifamily Loan Rates in Middletown, NJ

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

Fannie Mae®
$1M to $6M
5 Year Fixed 6.23% - 6.97%
7 Year Fixed 6.20% - 6.71%
10 Year Fixed 6.21% - 6.61%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 5.42% - 5.66%
7 Year Fixed 5.48% - 5.72%
10 Year Fixed 5.34% - 5.58%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.03% - 6.77%
7 Year Fixed 6.00% - 6.51%
10 Year Fixed 6.01% - 6.41%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.55% - 5.70%
7 Year Fixed 5.56% - 5.71%
10 Year Fixed 5.56% - 5.71%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 10/05/2024. This is not an offer or commitment to lend. Multifamily loan rates in Middletown 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 Oct 06, 2024


Multifamily Lenders in Middletown, NJ

All major multifamily lender types are lending in Middletown.


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 Oct 06, 2024


Middletown Market

The city of Middletown in Monmouth County has a population of 65,336. The median rent in Monmouth County for a 2 bedroom is $1,771. The median Middletown resident is 44 years old with a yearly income of $49,063. The average family has 3.23 members and a median household income of $118,351. Middletown has a 47% higher education rate. The unemployment rate in Middletown is 5.0%.


Population
65,336 people

County
Monmouth County

Renters

15.6% of Middletown households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monmouth County 1
New Jersey 2
National 2
Studio $1,207 $1,166 $737
1 bedroom $1,384 $1,353 $813
2 bedroom $1,771 $1,671 $1,015
3 bedroom $2,441 $2,131 $1,325
4 bedroom $2,706 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Middletown Demographics


Median Individual Income
$49,063 / year

Median Household Income
$118,351 / year

Families w/ Dual Incomes
63%

Unemployment Rate
5.0%
Household Income Distribution
Middletown, NJ

Median Age
44 years

Avg Family Size
3.23 people
Age Distribution
Middletown, NJ

College Education or Above
47%

STEM College Graduates
40%
Education Distribution
Middletown, NJ
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