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Multifamily Loans in
Prescott Valley, AZ

Overview

Prescott Valley is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Prescott Valley are considered greater risk due to market dynamics. Interest rates for multifamily loans in Prescott Valley are higher than the national average. Prescott Valley 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 Prescott Valley.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Prescott Valley, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Prescott Valley 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Prescott Valley 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 02, 2021


Multifamily Lenders in Prescott Valley, AZ

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


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 02, 2021


Prescott Valley Market

The city of Prescott Valley in Yavapai County has a population of 46,515. The median rent in Yavapai County for a 2 bedroom is $1,107. The median Prescott Valley resident is 46 years old with a yearly income of $26,077. The average family has 2.88 members and a median household income of $51,909. Prescott Valley has a 22% higher education rate. The unemployment rate in Prescott Valley is 6.9%.


Population
46,515 people

County
Yavapai County

Renters

32.2% of Prescott Valley households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Yavapai County 1
Arizona 2
National 2
Studio $735 $747 $737
1 bedroom $866 $822 $813
2 bedroom $1,107 $1,038 $1,015
3 bedroom $1,536 $1,433 $1,325
4 bedroom $1,668 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Prescott Valley Demographics


Median Individual Income
$26,077 / year

Median Household Income
$51,909 / year

Families w/ Dual Incomes
41%

Unemployment Rate
6.9%
Household Income Distribution
Prescott Valley, AZ

Median Age
46 years

Avg Family Size
2.88 people
Age Distribution
Prescott Valley, AZ

College Education or Above
22%

STEM College Graduates
46%
Education Distribution
Prescott Valley, AZ
Source: U.S. Census Bureau

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