Secaucus is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Secaucus are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Secaucus are some of the lowest nationally. Secaucus 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 Secaucus.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Secaucus are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.38% - 7.12% |
| 7 Year Fixed | 6.40% - 6.91% |
| 10 Year Fixed | 6.45% - 6.85% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.32% - 6.56% |
| 7 Year Fixed | 6.43% - 6.67% |
| 10 Year Fixed | 6.39% - 6.63% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.18% - 6.92% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.25% - 6.65% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.54% |
| 7 Year Fixed | 5.49% - 5.59% |
| 10 Year Fixed | 5.47% - 5.57% |
All major multifamily lender types are lending in Secaucus.
The city of Secaucus in Hudson County has a population of 21,893. The median rent in Hudson County for a 2 bedroom is $2,119. The median Secaucus resident is 41 years old with a yearly income of $51,224. The average family has 3.08 members and a median household income of $114,821. Secaucus has a 50% higher education rate. The unemployment rate in Secaucus is 3.8%.
41.8% of Secaucus households are renters.
25.8% median household income spent on rent.
Bedrooms |
Hudson County 1 |
New Jersey 2 |
National 2 |
|---|---|---|---|
| Studio | $1,677 | $1,166 | $737 |
| 1 bedroom | $1,825 | $1,353 | $813 |
| 2 bedroom | $2,119 | $1,671 | $1,015 |
| 3 bedroom | $2,636 | $2,131 | $1,325 |
| 4 bedroom | $2,873 | $2,445 | $1,521 |
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