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Multifamily Loans in
Rockville Centre, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Rockville Centre, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rockville Centre 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 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Rockville Centre 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 29, 2021


Multifamily Lenders in Rockville Centre, NY

All major multifamily lender types are lending in Rockville Centre.


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 29, 2021


Rockville Centre Market

The city of Rockville Centre in Nassau County has a population of 24,550. The median rent in Nassau County for a 2 bedroom is $2,190. The median Rockville Centre resident is 43 years old with a yearly income of $57,785. The average family has 3.18 members and a median household income of $113,769. Rockville Centre has a 62% higher education rate. The unemployment rate in Rockville Centre is 3.6%.


Population
24,550 people

County
Nassau County

Renters

29.5% of Rockville Centre households are renters.


Rent Burden

47.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Nassau County 1
New York 2
National 2
Studio $1,445 $909 $737
1 bedroom $1,786 $990 $813
2 bedroom $2,190 $1,202 $1,015
3 bedroom $2,804 $1,537 $1,325
4 bedroom $3,116 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rockville Centre Demographics


Median Individual Income
$57,785 / year

Median Household Income
$113,769 / year

Families w/ Dual Incomes
65%

Unemployment Rate
3.6%
Household Income Distribution
Rockville Centre, NY

Median Age
43 years

Avg Family Size
3.18 people
Age Distribution
Rockville Centre, NY

College Education or Above
62%

STEM College Graduates
35%
Education Distribution
Rockville Centre, NY
Source: U.S. Census Bureau

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