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Multifamily Loans in
The Colony, TX

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in The Colony, TX

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in The Colony 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 3.37% - 3.61%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in The Colony 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 03, 2021


Multifamily Lenders in The Colony, TX

All major multifamily lender types are lending in The Colony.


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 03, 2021


The Colony Market

The city of The Colony in Denton County has a population of 44,438. The median rent in Denton County for a 2 bedroom is $1,473. The median The Colony resident is 35 years old with a yearly income of $45,218. The average family has 3.25 members and a median household income of $87,187. The Colony has a 39% higher education rate. The unemployment rate in The Colony is 2.5%.


Population
44,438 people

County
Denton County

Renters

38.3% of The Colony households are renters.


Rent Burden

23.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Denton County 1
Texas 2
National 2
Studio $1,121 $669 $737
1 bedroom $1,235 $738 $813
2 bedroom $1,473 $912 $1,015
3 bedroom $1,902 $1,210 $1,325
4 bedroom $2,516 $1,407 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

The Colony Demographics


Median Individual Income
$45,218 / year

Median Household Income
$87,187 / year

Families w/ Dual Incomes
68%

Unemployment Rate
2.5%
Household Income Distribution
The Colony, TX

Median Age
35 years

Avg Family Size
3.25 people
Age Distribution
The Colony, TX

College Education or Above
39%

STEM College Graduates
41%
Education Distribution
The Colony, TX
Source: U.S. Census Bureau

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