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Multifamily Loans in
Pine Bluff, AR

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Pine Bluff, AR

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 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
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®
$6M to $100M
5 Year Fixed 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
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 Pine Bluff 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 Pine Bluff, AR

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Pine Bluff.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Pine Bluff Market

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%.


Population
41,474 people

County
Jefferson County

Renters

47.2% of Pine Bluff households are renters.


Rent Burden

32.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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

Pine Bluff Demographics


Median Individual Income
$21,484 / year

Median Household Income
$34,723 / year

Families w/ Dual Incomes
38%

Unemployment Rate
11.4%
Household Income Distribution
Pine Bluff, AR

Median Age
36 years

Avg Family Size
3.09 people
Age Distribution
Pine Bluff, AR

College Education or Above
19%

STEM College Graduates
34%
Education Distribution
Pine Bluff, AR
Source: U.S. Census Bureau

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