Loading...

Multifamily Loans in
Potomac, MD

Overview

Potomac is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Potomac are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Potomac are some of the lowest nationally. Potomac 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 Potomac.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Potomac, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Potomac 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Potomac 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 05, 2021


Multifamily Lenders in Potomac, MD

All major multifamily lender types are lending in Potomac.


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 05, 2021


Potomac Market

The city of Potomac in Montgomery County has a population of 45,940. The median rent in Montgomery County for a 2 bedroom is $1,917. The median Potomac resident is 47 years old with a yearly income of $80,339. The average family has 3.2 members and a median household income of $195,884. Potomac has a 81% higher education rate. The unemployment rate in Potomac is 3.6%.


Population
45,940 people

County
Montgomery County

Renters

12.4% of Potomac households are renters.


Rent Burden

28.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery County 1
Maryland 2
National 2
Studio $1,643 $1,013 $737
1 bedroom $1,682 $1,126 $813
2 bedroom $1,917 $1,365 $1,015
3 bedroom $2,457 $1,803 $1,325
4 bedroom $2,978 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Potomac Demographics


Median Individual Income
$80,339 / year

Median Household Income
$195,884 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.6%
Household Income Distribution
Potomac, MD

Median Age
47 years

Avg Family Size
3.2 people
Age Distribution
Potomac, MD

College Education or Above
81%

STEM College Graduates
59%
Education Distribution
Potomac, MD
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day