Universal City is located in a good market for 5+ unit multifamily loans. Multifamily loans in Universal City are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Universal City are competitive. Universal City 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 Universal City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Universal City are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in Universal City.
The city of Universal City in Bexar County has a population of 20,890. The median rent in Bexar County for a 2 bedroom is $1,198. The median Universal City resident is 36 years old with a yearly income of $30,846. The average family has 3.47 members and a median household income of $63,192. Universal City has a 30% higher education rate. The unemployment rate in Universal City is 4.5%.
40.9% of Universal City households are renters.
28% median household income spent on rent.
Bedrooms |
Bexar County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $818 | $669 | $737 |
| 1 bedroom | $981 | $738 | $813 |
| 2 bedroom | $1,198 | $912 | $1,015 |
| 3 bedroom | $1,556 | $1,210 | $1,325 |
| 4 bedroom | $1,928 | $1,407 | $1,521 |
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