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Multifamily Loans in
Sayreville, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Sayreville, NJ

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

All major multifamily lender types are lending in Sayreville.


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


Sayreville Market

The city of Sayreville in Middlesex County has a population of 44,173. The median rent in Middlesex County for a 2 bedroom is $1,888. The median Sayreville resident is 39 years old with a yearly income of $40,926. The average family has 3.33 members and a median household income of $81,883. Sayreville has a 34% higher education rate. The unemployment rate in Sayreville is 4.9%.


Population
44,173 people

County
Middlesex County

Renters

37.2% of Sayreville households are renters.


Rent Burden

26.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex County 1
New Jersey 2
National 2
Studio $1,297 $1,166 $737
1 bedroom $1,477 $1,353 $813
2 bedroom $1,888 $1,671 $1,015
3 bedroom $2,356 $2,131 $1,325
4 bedroom $2,683 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sayreville Demographics


Median Individual Income
$40,926 / year

Median Household Income
$81,883 / year

Families w/ Dual Incomes
59%

Unemployment Rate
4.9%
Household Income Distribution
Sayreville, NJ

Median Age
39 years

Avg Family Size
3.33 people
Age Distribution
Sayreville, NJ

College Education or Above
34%

STEM College Graduates
47%
Education Distribution
Sayreville, NJ
Source: U.S. Census Bureau

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