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Multifamily Loans in
South Laurel, MD

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in South Laurel, MD

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Laurel 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in South Laurel 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 04, 2021


Multifamily Lenders in South Laurel, MD

All major multifamily lender types are lending in South Laurel.


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 04, 2021


South Laurel Market

The city of South Laurel in Prince George's County has a population of 28,683. The median rent in Prince George's County for a 2 bedroom is $1,917. The median South Laurel resident is 34 years old with a yearly income of $40,154. The average family has 3.51 members and a median household income of $79,227. South Laurel has a 43% higher education rate. The unemployment rate in South Laurel is 6.0%.


Population
28,683 people

County
Prince George's County

Renters

60% of South Laurel households are renters.


Rent Burden

31.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Prince George's County 1
Maryland 2
National 2
Studio $1,643 $1,013 $737
1 bedroom $1,682 $1,126 $813
2 bedroom $1,917 $1,365 $1,015
3 bedroom $2,457 $1,803 $1,325
4 bedroom $2,978 $2,127 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Laurel Demographics


Median Individual Income
$40,154 / year

Median Household Income
$79,227 / year

Families w/ Dual Incomes
61%

Unemployment Rate
6.0%
Household Income Distribution
South Laurel, MD

Median Age
34 years

Avg Family Size
3.51 people
Age Distribution
South Laurel, MD

College Education or Above
43%

STEM College Graduates
49%
Education Distribution
South Laurel, MD
Source: U.S. Census Bureau

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