Collierville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Collierville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Collierville are competitive. Collierville 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 Collierville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Collierville 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 | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
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 | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Collierville.
The city of Collierville in Shelby County has a population of 51,040. The median rent in Shelby County for a 2 bedroom is $972. The median Collierville resident is 40 years old with a yearly income of $51,508. The average family has 3.27 members and a median household income of $113,996. Collierville has a 57% higher education rate. The unemployment rate in Collierville is 2.1%.
20.8% of Collierville households are renters.
23.7% median household income spent on rent.
Bedrooms |
Shelby County 1 |
Tennessee 2 |
National 2 |
|---|---|---|---|
| Studio | $732 | $618 | $737 |
| 1 bedroom | $836 | $657 | $813 |
| 2 bedroom | $972 | $813 | $1,015 |
| 3 bedroom | $1,311 | $1,073 | $1,325 |
| 4 bedroom | $1,507 | $1,248 | $1,521 |
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