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Multifamily Loans in
Sandy, UT

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Sandy, UT

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sandy 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Sandy 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 Sandy, UT

All major multifamily lender types are lending in Sandy.


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


Sandy Market

The city of Sandy in Salt Lake County has a population of 96,380. The median rent in Salt Lake County for a 2 bedroom is $1,291. The median Sandy resident is 37 years old with a yearly income of $36,463. The average family has 3.44 members and a median household income of $94,018. Sandy has a 42% higher education rate. The unemployment rate in Sandy is 2.8%.


Population
96,380 people

County
Salt Lake County

Renters

21.3% of Sandy households are renters.


Rent Burden

29.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Salt Lake County 1
Utah 2
National 2
Studio $889 $659 $737
1 bedroom $1,073 $743 $813
2 bedroom $1,291 $922 $1,015
3 bedroom $1,812 $1,250 $1,325
4 bedroom $2,029 $1,497 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sandy Demographics


Median Individual Income
$36,463 / year

Median Household Income
$94,018 / year

Families w/ Dual Incomes
62%

Unemployment Rate
2.8%
Household Income Distribution
Sandy, UT

Median Age
37 years

Avg Family Size
3.44 people
Age Distribution
Sandy, UT

College Education or Above
42%

STEM College Graduates
46%
Education Distribution
Sandy, UT
Source: U.S. Census Bureau

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