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Multifamily Loans in
Redan, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Redan, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Redan 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Redan 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 04, 2021


Multifamily Lenders in Redan, GA

All major multifamily lender types are lending in Redan.


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 04, 2021


Redan Market

The city of Redan in DeKalb County has a population of 31,873. The median rent in DeKalb County for a 2 bedroom is $1,284. The median Redan resident is 37 years old with a yearly income of $25,708. The average family has 3.6 members and a median household income of $49,464. Redan has a 26% higher education rate. The unemployment rate in Redan is 8.5%.


Population
31,873 people

County
DeKalb County

Renters

48.9% of Redan households are renters.


Rent Burden

35.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
DeKalb County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Redan Demographics


Median Individual Income
$25,708 / year

Median Household Income
$49,464 / year

Families w/ Dual Incomes
49%

Unemployment Rate
8.5%
Household Income Distribution
Redan, GA

Median Age
37 years

Avg Family Size
3.6 people
Age Distribution
Redan, GA

College Education or Above
26%

STEM College Graduates
42%
Education Distribution
Redan, GA
Source: U.S. Census Bureau

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