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Multifamily Loans in
Tucson, AZ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Tucson, AZ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Tucson 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 3.52% - 3.76%
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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Tucson 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 02, 2021


Multifamily Lenders in Tucson, AZ

All major multifamily lender types are lending in Tucson.


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 02, 2021


Tucson Market

The city of Tucson in Pima County has a population of 548,073. The median rent in Pima County for a 2 bedroom is $1,016. The median Tucson resident is 34 years old with a yearly income of $24,102. The average family has 3.19 members and a median household income of $43,425. Tucson has a 27% higher education rate. The unemployment rate in Tucson is 7.8%.


Population
548,073 people

County
Pima County

Renters

49.4% of Tucson households are renters.


Rent Burden

32.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pima County 1
Arizona 2
National 2
Studio $670 $747 $737
1 bedroom $771 $822 $813
2 bedroom $1,016 $1,038 $1,015
3 bedroom $1,454 $1,433 $1,325
4 bedroom $1,724 $1,597 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Tucson Demographics


Median Individual Income
$24,102 / year

Median Household Income
$43,425 / year

Families w/ Dual Incomes
48%

Unemployment Rate
7.8%
Household Income Distribution
Tucson, AZ

Median Age
34 years

Avg Family Size
3.19 people
Age Distribution
Tucson, AZ

College Education or Above
27%

STEM College Graduates
47%
Education Distribution
Tucson, AZ
Source: U.S. Census Bureau

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