Pine Bluff is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Pine Bluff are considered greater risk due to market dynamics. Interest rates for multifamily loans in Pine Bluff are higher than the national average. Pine Bluff apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Pine Bluff.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pine Bluff are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.58% - 5.82% |
| 7 Year Fixed | 5.37% - 5.61% |
| 10 Year Fixed | 5.23% - 5.47% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Pine Bluff.
The city of Pine Bluff in Jefferson County has a population of 41,474. The median rent in Jefferson County for a 2 bedroom is $780. The median Pine Bluff resident is 36 years old with a yearly income of $21,484. The average family has 3.09 members and a median household income of $34,723. Pine Bluff has a 19% higher education rate. The unemployment rate in Pine Bluff is 11.4%.
47.2% of Pine Bluff households are renters.
32.4% median household income spent on rent.
Bedrooms |
Jefferson County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $580 | $535 | $737 |
| 1 bedroom | $592 | $574 | $813 |
| 2 bedroom | $780 | $723 | $1,015 |
| 3 bedroom | $983 | $954 | $1,325 |
| 4 bedroom | $1,167 | $1,104 | $1,521 |
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