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Multifamily Loans in
Roselle, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Roselle, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Roselle 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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Roselle 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 Roselle, NJ

All major multifamily lender types are lending in Roselle.


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


Roselle Market

The city of Roselle in Union County has a population of 21,811. The median rent in Union County for a 2 bedroom is $1,776. The median Roselle resident is 39 years old with a yearly income of $31,156. The average family has 3.53 members and a median household income of $64,718. Roselle has a 22% higher education rate. The unemployment rate in Roselle is 8.7%.


Population
21,811 people

County
Union County

Renters

42.9% of Roselle households are renters.


Rent Burden

38.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Union County 1
New Jersey 2
National 2
Studio $1,221 $1,166 $737
1 bedroom $1,468 $1,353 $813
2 bedroom $1,776 $1,671 $1,015
3 bedroom $2,265 $2,131 $1,325
4 bedroom $2,700 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Roselle Demographics


Median Individual Income
$31,156 / year

Median Household Income
$64,718 / year

Families w/ Dual Incomes
55%

Unemployment Rate
8.7%
Household Income Distribution
Roselle, NJ

Median Age
39 years

Avg Family Size
3.53 people
Age Distribution
Roselle, NJ

College Education or Above
22%

STEM College Graduates
41%
Education Distribution
Roselle, NJ
Source: U.S. Census Bureau

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