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Multifamily Loans in
Sugar Hill, GA

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Sugar Hill, GA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sugar Hill 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 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Sugar Hill 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 Sugar Hill, GA

All major multifamily lender types are lending in Sugar Hill.


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


Sugar Hill Market

The city of Sugar Hill in Gwinnett County has a population of 24,617. The median rent in Gwinnett County for a 2 bedroom is $1,284. The median Sugar Hill resident is 37 years old with a yearly income of $39,961. The average family has 3.6 members and a median household income of $87,090. Sugar Hill has a 39% higher education rate. The unemployment rate in Sugar Hill is 4.1%.


Population
24,617 people

County
Gwinnett County

Renters

21.4% of Sugar Hill households are renters.


Rent Burden

27.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Gwinnett County 1
Georgia 2
National 2
Studio $1,101 $670 $737
1 bedroom $1,126 $698 $813
2 bedroom $1,284 $840 $1,015
3 bedroom $1,615 $1,103 $1,325
4 bedroom $1,976 $1,302 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sugar Hill Demographics


Median Individual Income
$39,961 / year

Median Household Income
$87,090 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.1%
Household Income Distribution
Sugar Hill, GA

Median Age
37 years

Avg Family Size
3.6 people
Age Distribution
Sugar Hill, GA

College Education or Above
39%

STEM College Graduates
42%
Education Distribution
Sugar Hill, GA
Source: U.S. Census Bureau

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