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Multifamily Loans in
Uniondale, NY

Overview

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

Get multifamily loan quotes for Nov 29, 2021


Multifamily Loan Rates in Uniondale, NY

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Uniondale are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.01% - 3.26%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/28/2021. This is not an offer or commitment to lend. Multifamily loan rates in Uniondale 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 Nov 29, 2021


Multifamily Lenders in Uniondale, NY

All major multifamily lender types are lending in Uniondale.


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 Nov 29, 2021


Uniondale Market

The city of Uniondale in Nassau County has a population of 32,007. The median rent in Nassau County for a 2 bedroom is $2,190. The median Uniondale resident is 33 years old with a yearly income of $26,446. The average family has 3.94 members and a median household income of $85,471. Uniondale has a 27% higher education rate. The unemployment rate in Uniondale is 4.7%.


Population
32,007 people

County
Nassau County

Renters

30.6% of Uniondale households are renters.


Rent Burden

45.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Nassau County 1
New York 2
National 2
Studio $1,445 $909 $737
1 bedroom $1,786 $990 $813
2 bedroom $2,190 $1,202 $1,015
3 bedroom $2,804 $1,537 $1,325
4 bedroom $3,116 $1,692 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Uniondale Demographics


Median Individual Income
$26,446 / year

Median Household Income
$85,471 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.7%
Household Income Distribution
Uniondale, NY

Median Age
33 years

Avg Family Size
3.94 people
Age Distribution
Uniondale, NY

College Education or Above
27%

STEM College Graduates
43%
Education Distribution
Uniondale, NY
Source: U.S. Census Bureau

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