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Multifamily Loans in
Reisterstown, MD

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Reisterstown, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Reisterstown 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 Reisterstown 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 Reisterstown, MD

All major multifamily lender types are lending in Reisterstown.


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


Reisterstown Market

The city of Reisterstown in Baltimore County has a population of 27,007. The median rent in Baltimore County for a 2 bedroom is $1,505. The median Reisterstown resident is 40 years old with a yearly income of $37,221. The average family has 3.1 members and a median household income of $70,507. Reisterstown has a 38% higher education rate. The unemployment rate in Reisterstown is 5.8%.


Population
27,007 people

County
Baltimore County

Renters

41.2% of Reisterstown households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Baltimore County 1
Maryland 2
National 2
Studio $997 $1,013 $737
1 bedroom $1,213 $1,126 $813
2 bedroom $1,505 $1,365 $1,015
3 bedroom $1,950 $1,803 $1,325
4 bedroom $2,233 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Reisterstown Demographics


Median Individual Income
$37,221 / year

Median Household Income
$70,507 / year

Families w/ Dual Incomes
58%

Unemployment Rate
5.8%
Household Income Distribution
Reisterstown, MD

Median Age
40 years

Avg Family Size
3.1 people
Age Distribution
Reisterstown, MD

College Education or Above
38%

STEM College Graduates
49%
Education Distribution
Reisterstown, MD
Source: U.S. Census Bureau

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