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Multifamily Loans in
Wall, NJ

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Wall, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wall 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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
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 Wall 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 Wall, NJ

All major multifamily lender types are lending in Wall.


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


Wall Market

The city of Wall in Monmouth County has a population of 25,745. The median rent in Monmouth County for a 2 bedroom is $1,771. The median Wall resident is 48 years old with a yearly income of $44,331. The average family has 3.19 members and a median household income of $107,685. Wall has a 50% higher education rate. The unemployment rate in Wall is 5.0%.


Population
25,745 people

County
Monmouth County

Renters

17.6% of Wall households are renters.


Rent Burden

39.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monmouth County 1
New Jersey 2
National 2
Studio $1,207 $1,166 $737
1 bedroom $1,384 $1,353 $813
2 bedroom $1,771 $1,671 $1,015
3 bedroom $2,441 $2,131 $1,325
4 bedroom $2,706 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wall Demographics


Median Individual Income
$44,331 / year

Median Household Income
$107,685 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.0%
Household Income Distribution
Wall, NJ

Median Age
48 years

Avg Family Size
3.19 people
Age Distribution
Wall, NJ

College Education or Above
50%

STEM College Graduates
42%
Education Distribution
Wall, NJ
Source: U.S. Census Bureau

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