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Multifamily Loans in
Pleasantville, NJ

Overview

Pleasantville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Pleasantville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Pleasantville are slightly higher than the national average. Pleasantville apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Pleasantville.

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Pleasantville, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pleasantville 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 3.61% - 3.85%
7 Year Fixed 3.44% - 3.68%
10 Year Fixed 3.66% - 3.90%
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 3.11% - 3.36%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Pleasantville 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 Nov 29, 2021


Multifamily Lenders in Pleasantville, NJ

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


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 Nov 29, 2021


Pleasantville Market

The city of Pleasantville in Atlantic County has a population of 20,149. The median rent in Atlantic County for a 2 bedroom is $1,509. The median Pleasantville resident is 35 years old with a yearly income of $21,728. The average family has 3.63 members and a median household income of $40,991. Pleasantville has a 13% higher education rate. The unemployment rate in Pleasantville is 8.8%.


Population
20,149 people

County
Atlantic County

Renters

55.4% of Pleasantville households are renters.


Rent Burden

46.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Atlantic County 1
New Jersey 2
National 2
Studio $1,012 $1,166 $737
1 bedroom $1,194 $1,353 $813
2 bedroom $1,509 $1,671 $1,015
3 bedroom $2,067 $2,131 $1,325
4 bedroom $2,302 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pleasantville Demographics


Median Individual Income
$21,728 / year

Median Household Income
$40,991 / year

Families w/ Dual Incomes
54%

Unemployment Rate
8.8%
Household Income Distribution
Pleasantville, NJ

Median Age
35 years

Avg Family Size
3.63 people
Age Distribution
Pleasantville, NJ

College Education or Above
13%

STEM College Graduates
37%
Education Distribution
Pleasantville, NJ
Source: U.S. Census Bureau

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