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Multifamily Loans in
South Riding, VA

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in South Riding, VA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Riding 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in South Riding 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 05, 2021


Multifamily Lenders in South Riding, VA

All major multifamily lender types are lending in South Riding.


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 05, 2021


South Riding Market

The city of South Riding in Loudoun County has a population of 31,515. The median rent in Loudoun County for a 2 bedroom is $1,917. The median South Riding resident is 36 years old with a yearly income of $76,668. The average family has 3.43 members and a median household income of $158,996. South Riding has a 70% higher education rate. The unemployment rate in South Riding is 3.8%.


Population
31,515 people

County
Loudoun County

Renters

15.2% of South Riding households are renters.


Rent Burden

28.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Loudoun County 1
Virginia 2
National 2
Studio $1,643 $833 $737
1 bedroom $1,682 $897 $813
2 bedroom $1,917 $1,072 $1,015
3 bedroom $2,457 $1,423 $1,325
4 bedroom $2,978 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Riding Demographics


Median Individual Income
$76,668 / year

Median Household Income
$158,996 / year

Families w/ Dual Incomes
72%

Unemployment Rate
3.8%
Household Income Distribution
South Riding, VA

Median Age
36 years

Avg Family Size
3.43 people
Age Distribution
South Riding, VA

College Education or Above
70%

STEM College Graduates
58%
Education Distribution
South Riding, VA
Source: U.S. Census Bureau

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