Springdale is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Springdale are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Springdale are slightly higher than the national average. Springdale apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Springdale.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Springdale are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.53% - 6.77% |
| 7 Year Fixed | 6.32% - 6.56% |
| 10 Year Fixed | 6.28% - 6.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Springdale.
The city of Springdale in Washington County has a population of 81,125. The median rent in Washington County for a 2 bedroom is $833. The median Springdale resident is 32 years old with a yearly income of $26,389. The average family has 3.46 members and a median household income of $50,343. Springdale has a 20% higher education rate. The unemployment rate in Springdale is 5.4%.
50.5% of Springdale households are renters.
24.6% median household income spent on rent.
Bedrooms |
Washington County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $618 | $535 | $737 |
| 1 bedroom | $660 | $574 | $813 |
| 2 bedroom | $833 | $723 | $1,015 |
| 3 bedroom | $1,192 | $954 | $1,325 |
| 4 bedroom | $1,442 | $1,104 | $1,521 |
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