Loading...

Multifamily Loans in
New Brunswick, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in New Brunswick, NJ

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 New Brunswick 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 New Brunswick, NJ

All major multifamily lender types are lending in New Brunswick.


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


New Brunswick Market

The city of New Brunswick in Middlesex County has a population of 55,676. The median rent in Middlesex County for a 2 bedroom is $1,888. The median New Brunswick resident is 24 years old with a yearly income of $21,910. The average family has 3.69 members and a median household income of $43,783. New Brunswick has a 23% higher education rate. The unemployment rate in New Brunswick is 5.8%.


Population
55,676 people

County
Middlesex County

Renters

81.3% of New Brunswick households are renters.


Rent Burden

50.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex County 1
New Jersey 2
National 2
Studio $1,297 $1,166 $737
1 bedroom $1,477 $1,353 $813
2 bedroom $1,888 $1,671 $1,015
3 bedroom $2,356 $2,131 $1,325
4 bedroom $2,683 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

New Brunswick Demographics


Median Individual Income
$21,910 / year

Median Household Income
$43,783 / year

Families w/ Dual Incomes
49%

Unemployment Rate
5.8%
Household Income Distribution
New Brunswick, NJ

Median Age
24 years

Avg Family Size
3.69 people
Age Distribution
New Brunswick, NJ

College Education or Above
23%

STEM College Graduates
52%
Education Distribution
New Brunswick, 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