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Multifamily Loans in
Niskayuna, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Niskayuna, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Niskayuna 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 3.06% - 3.31%
7 Year Fixed 3.30% - 3.75%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Niskayuna 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 Nov 29, 2021


Multifamily Lenders in Niskayuna, NY

All major multifamily lender types are lending in Niskayuna.


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 Nov 29, 2021


Niskayuna Market

The city of Niskayuna in Schenectady County has a population of 22,267. The median rent in Schenectady County for a 2 bedroom is $1,205. The median Niskayuna resident is 44 years old with a yearly income of $53,866. The average family has 3.52 members and a median household income of $110,855. Niskayuna has a 63% higher education rate. The unemployment rate in Niskayuna is 5.3%.


Population
22,267 people

County
Schenectady County

Renters

17.2% of Niskayuna households are renters.


Rent Burden

22.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Schenectady County 1
New York 2
National 2
Studio $873 $909 $737
1 bedroom $984 $990 $813
2 bedroom $1,205 $1,202 $1,015
3 bedroom $1,499 $1,537 $1,325
4 bedroom $1,634 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Niskayuna Demographics


Median Individual Income
$53,866 / year

Median Household Income
$110,855 / year

Families w/ Dual Incomes
63%

Unemployment Rate
5.3%
Household Income Distribution
Niskayuna, NY

Median Age
44 years

Avg Family Size
3.52 people
Age Distribution
Niskayuna, NY

College Education or Above
63%

STEM College Graduates
57%
Education Distribution
Niskayuna, NY
Source: U.S. Census Bureau

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