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Multifamily Loans in
Thornton, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Thornton, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Thornton 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 Thornton 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 Thornton, CO

All major multifamily lender types are lending in Thornton.


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


Thornton Market

The city of Thornton in Adams County has a population of 141,464. The median rent in Adams County for a 2 bedroom is $1,750. The median Thornton resident is 34 years old with a yearly income of $38,757. The average family has 3.48 members and a median household income of $79,411. Thornton has a 29% higher education rate. The unemployment rate in Thornton is 3.6%.


Population
141,464 people

County
Adams County

Renters

27.2% of Thornton households are renters.


Rent Burden

31.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Adams County 1
Colorado 2
National 2
Studio $1,286 $873 $737
1 bedroom $1,422 $932 $813
2 bedroom $1,750 $1,168 $1,015
3 bedroom $2,383 $1,570 $1,325
4 bedroom $2,710 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Thornton Demographics


Median Individual Income
$38,757 / year

Median Household Income
$79,411 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.6%
Household Income Distribution
Thornton, CO

Median Age
34 years

Avg Family Size
3.48 people
Age Distribution
Thornton, CO

College Education or Above
29%

STEM College Graduates
44%
Education Distribution
Thornton, CO
Source: U.S. Census Bureau

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