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Multifamily Loans in
Queen Creek, AZ

Overview

Queen Creek is located in a good market for 5+ unit multifamily loans. Multifamily loans in Queen Creek are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Queen Creek are competitive. Queen Creek 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 Queen Creek.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Queen Creek, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Queen Creek 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
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 Queen Creek 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 Queen Creek, AZ

All major multifamily lender types are lending in Queen Creek.


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 02, 2021


Queen Creek Market

The city of Queen Creek in Maricopa County has a population of 50,890. The median rent in Maricopa County for a 2 bedroom is $1,346. The median Queen Creek resident is 35 years old with a yearly income of $43,008. The average family has 3.79 members and a median household income of $105,729. Queen Creek has a 38% higher education rate. The unemployment rate in Queen Creek is 3.5%.


Population
50,890 people

County
Maricopa County

Renters

13.3% of Queen Creek households are renters.


Rent Burden

31.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Maricopa County 1
Arizona 2
National 2
Studio $1,004 $747 $737
1 bedroom $1,111 $822 $813
2 bedroom $1,346 $1,038 $1,015
3 bedroom $1,899 $1,433 $1,325
4 bedroom $2,162 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Queen Creek Demographics


Median Individual Income
$43,008 / year

Median Household Income
$105,729 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.5%
Household Income Distribution
Queen Creek, AZ

Median Age
35 years

Avg Family Size
3.79 people
Age Distribution
Queen Creek, AZ

College Education or Above
38%

STEM College Graduates
44%
Education Distribution
Queen Creek, AZ
Source: U.S. Census Bureau

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