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Multifamily Loans in
South Brunswick, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in South Brunswick, NJ

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

All major multifamily lender types are lending in South Brunswick.


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


South Brunswick Market

The city of South Brunswick in Middlesex County has a population of 45,400. The median rent in Middlesex County for a 2 bedroom is $1,888. The median South Brunswick resident is 41 years old with a yearly income of $58,189. The average family has 3.21 members and a median household income of $120,546. South Brunswick has a 67% higher education rate. The unemployment rate in South Brunswick is 3.9%.


Population
45,400 people

County
Middlesex County

Renters

21.8% of South Brunswick households are renters.


Rent Burden

25.9% 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

South Brunswick Demographics


Median Individual Income
$58,189 / year

Median Household Income
$120,546 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.9%
Household Income Distribution
South Brunswick, NJ

Median Age
41 years

Avg Family Size
3.21 people
Age Distribution
South Brunswick, NJ

College Education or Above
67%

STEM College Graduates
63%
Education Distribution
South Brunswick, NJ
Source: U.S. Census Bureau

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