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Multifamily Loans in
North Little Rock, AR

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in North Little Rock, AR

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 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 North Little Rock 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 North Little Rock, AR

All major multifamily lender types are lending in North Little Rock.


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


North Little Rock Market

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%.


Population
65,903 people

County
Pulaski County

Renters

52.6% of North Little Rock households are renters.


Rent Burden

34.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

North Little Rock Demographics


Median Individual Income
$26,774 / year

Median Household Income
$43,703 / year

Families w/ Dual Incomes
40%

Unemployment Rate
6.8%
Household Income Distribution
North Little Rock, AR

Median Age
34 years

Avg Family Size
3.21 people
Age Distribution
North Little Rock, AR

College Education or Above
28%

STEM College Graduates
39%
Education Distribution
North Little Rock, AR
Source: U.S. Census Bureau

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