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Multifamily Loans in
Mount Juliet, TN

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Mount Juliet, TN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mount Juliet 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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Mount Juliet 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 08, 2021


Multifamily Lenders in Mount Juliet, TN

All major multifamily lender types are lending in Mount Juliet.


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 08, 2021


Mount Juliet Market

The city of Mount Juliet in Wilson County has a population of 37,029. The median rent in Wilson County for a 2 bedroom is $1,293. The median Mount Juliet resident is 36 years old with a yearly income of $43,097. The average family has 3.28 members and a median household income of $91,303. Mount Juliet has a 45% higher education rate. The unemployment rate in Mount Juliet is 3.3%.


Population
37,029 people

County
Wilson County

Renters

23.2% of Mount Juliet households are renters.


Rent Burden

26.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Wilson County 1
Tennessee 2
National 2
Studio $1,078 $618 $737
1 bedroom $1,114 $657 $813
2 bedroom $1,293 $813 $1,015
3 bedroom $1,663 $1,073 $1,325
4 bedroom $2,085 $1,248 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mount Juliet Demographics


Median Individual Income
$43,097 / year

Median Household Income
$91,303 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.3%
Household Income Distribution
Mount Juliet, TN

Median Age
36 years

Avg Family Size
3.28 people
Age Distribution
Mount Juliet, TN

College Education or Above
45%

STEM College Graduates
40%
Education Distribution
Mount Juliet, TN
Source: U.S. Census Bureau

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