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Multifamily Loans in
North Richland Hills, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in North Richland Hills, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Richland Hills 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 3.37% - 3.61%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in North Richland Hills 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 03, 2021


Multifamily Lenders in North Richland Hills, TX

All major multifamily lender types are lending in North Richland Hills.


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 03, 2021


North Richland Hills Market

The city of North Richland Hills in Tarrant County has a population of 70,670. The median rent in Tarrant County for a 2 bedroom is $1,333. The median North Richland Hills resident is 39 years old with a yearly income of $35,358. The average family has 3.14 members and a median household income of $71,076. North Richland Hills has a 34% higher education rate. The unemployment rate in North Richland Hills is 4.8%.


Population
70,670 people

County
Tarrant County

Renters

37.8% of North Richland Hills households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tarrant County 1
Texas 2
National 2
Studio $967 $669 $737
1 bedroom $1,096 $738 $813
2 bedroom $1,333 $912 $1,015
3 bedroom $1,783 $1,210 $1,325
4 bedroom $2,229 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

North Richland Hills Demographics


Median Individual Income
$35,358 / year

Median Household Income
$71,076 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.8%
Household Income Distribution
North Richland Hills, TX

Median Age
39 years

Avg Family Size
3.14 people
Age Distribution
North Richland Hills, TX

College Education or Above
34%

STEM College Graduates
38%
Education Distribution
North Richland Hills, TX
Source: U.S. Census Bureau

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