North Little Rock is located in a good market for 5+ unit multifamily loans. Multifamily loans in North Little Rock are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in North Little Rock are competitive. North Little Rock 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 North Little Rock.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Little Rock are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.34% - 6.58% |
| 7 Year Fixed | 6.23% - 6.47% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in North Little Rock.
The city of North Little Rock in Pulaski County has a population of 65,903. The median rent in Pulaski County for a 2 bedroom is $898. The median North Little Rock resident is 34 years old with a yearly income of $26,774. The average family has 3.21 members and a median household income of $43,703. North Little Rock has a 28% higher education rate. The unemployment rate in North Little Rock is 6.8%.
52.6% of North Little Rock households are renters.
34.4% median household income spent on rent.
Bedrooms |
Pulaski County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $742 | $535 | $737 |
| 1 bedroom | $777 | $574 | $813 |
| 2 bedroom | $898 | $723 | $1,015 |
| 3 bedroom | $1,206 | $954 | $1,325 |
| 4 bedroom | $1,416 | $1,104 | $1,521 |
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