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Multifamily Loans in
Morrisville, NC

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Morrisville, NC

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Morrisville 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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Morrisville 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 02, 2021


Multifamily Lenders in Morrisville, NC

All major multifamily lender types are lending in Morrisville.


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 02, 2021


Morrisville Market

The city of Morrisville in Wake County has a population of 28,846. The median rent in Wake County for a 2 bedroom is $1,293. The median Morrisville resident is 34 years old with a yearly income of $55,221. The average family has 3.27 members and a median household income of $101,738. Morrisville has a 69% higher education rate. The unemployment rate in Morrisville is 3.5%.


Population
28,846 people

County
Wake County

Renters

52.5% of Morrisville households are renters.


Rent Burden

20.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Wake County 1
North Carolina 2
National 2
Studio $1,092 $694 $737
1 bedroom $1,134 $713 $813
2 bedroom $1,293 $871 $1,015
3 bedroom $1,626 $1,152 $1,325
4 bedroom $2,101 $1,386 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Morrisville Demographics


Median Individual Income
$55,221 / year

Median Household Income
$101,738 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.5%
Household Income Distribution
Morrisville, NC

Median Age
34 years

Avg Family Size
3.27 people
Age Distribution
Morrisville, NC

College Education or Above
69%

STEM College Graduates
64%
Education Distribution
Morrisville, NC
Source: U.S. Census Bureau

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