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Multifamily Loans in
Mountain Brook, AL

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Mountain Brook, AL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mountain Brook 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 Mountain Brook 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 Mountain Brook, AL

All major multifamily lender types are lending in Mountain Brook.


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


Mountain Brook Market

The city of Mountain Brook in Jefferson County has a population of 20,297. The median rent in Jefferson County for a 2 bedroom is $1,093. The median Mountain Brook resident is 40 years old with a yearly income of $71,052. The average family has 3.19 members and a median household income of $152,355. Mountain Brook has a 85% higher education rate. The unemployment rate in Mountain Brook is 1.7%.


Population
20,297 people

County
Jefferson County

Renters

14% of Mountain Brook households are renters.


Rent Burden

19.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson County 1
Alabama 2
National 2
Studio $891 $580 $737
1 bedroom $950 $626 $813
2 bedroom $1,093 $767 $1,015
3 bedroom $1,421 $1,004 $1,325
4 bedroom $1,537 $1,157 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mountain Brook Demographics


Median Individual Income
$71,052 / year

Median Household Income
$152,355 / year

Families w/ Dual Incomes
52%

Unemployment Rate
1.7%
Household Income Distribution
Mountain Brook, AL

Median Age
40 years

Avg Family Size
3.19 people
Age Distribution
Mountain Brook, AL

College Education or Above
85%

STEM College Graduates
38%
Education Distribution
Mountain Brook, AL
Source: U.S. Census Bureau

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