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Multifamily Loans in
Watertown Town, MA

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Watertown Town, MA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Watertown Town 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 3.19% - 3.44%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.39% - 3.79%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Watertown Town 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 26, 2021


Multifamily Lenders in Watertown Town, MA

All major multifamily lender types are lending in Watertown Town.


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 26, 2021


Watertown Town Market

The city of Watertown Town in Middlesex County has a population of 35,939. The median rent in Middlesex County for a 2 bedroom is $2,470. The median Watertown Town resident is 38 years old with a yearly income of $54,562. The average family has 2.87 members and a median household income of $101,103. Watertown Town has a 66% higher education rate. The unemployment rate in Watertown Town is 3.5%.


Population
35,939 people

County
Middlesex County

Renters

48.2% of Watertown Town households are renters.


Rent Burden

26.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Middlesex County 1
Massachusetts 2
National 2
Studio $1,842 $1,259 $737
1 bedroom $2,034 $1,399 $813
2 bedroom $2,470 $1,747 $1,015
3 bedroom $3,072 $2,190 $1,325
4 bedroom $3,349 $2,423 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Watertown Town Demographics


Median Individual Income
$54,562 / year

Median Household Income
$101,103 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.5%
Household Income Distribution
Watertown Town, MA

Median Age
38 years

Avg Family Size
2.87 people
Age Distribution
Watertown Town, MA

College Education or Above
66%

STEM College Graduates
48%
Education Distribution
Watertown Town, MA
Source: U.S. Census Bureau

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