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Multifamily Loans in
Revere, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Revere, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Revere are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Revere 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 Nov 26, 2021


Multifamily Lenders in Revere, MA

All major multifamily lender types are lending in Revere.


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 Nov 26, 2021


Revere Market

The city of Revere in Suffolk County has a population of 53,073. The median rent in Suffolk County for a 2 bedroom is $2,470. The median Revere resident is 39 years old with a yearly income of $30,793. The average family has 3.41 members and a median household income of $62,568. Revere has a 23% higher education rate. The unemployment rate in Revere is 5.4%.


Population
53,073 people

County
Suffolk County

Renters

50.1% of Revere households are renters.


Rent Burden

40.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Suffolk County 1
Massachusetts 2
National 2
Studio $1,842 $1,259 $737
1 bedroom $2,034 $1,399 $813
2 bedroom $2,470 $1,747 $1,015
3 bedroom $3,072 $2,190 $1,325
4 bedroom $3,349 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Revere Demographics


Median Individual Income
$30,793 / year

Median Household Income
$62,568 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.4%
Household Income Distribution
Revere, MA

Median Age
39 years

Avg Family Size
3.41 people
Age Distribution
Revere, MA

College Education or Above
23%

STEM College Graduates
41%
Education Distribution
Revere, MA
Source: U.S. Census Bureau

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