Coolbaugh is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Coolbaugh are considered greater risk due to market dynamics. Interest rates for multifamily loans in Coolbaugh are higher than the national average. Coolbaugh apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Coolbaugh.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Coolbaugh 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 $6M |
|---|---|
| 5 Year Fixed | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.33% - 5.57% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Coolbaugh.
The city of Coolbaugh in Monroe County has a population of 20,357. The median rent in Monroe County for a 2 bedroom is $1,178. The median Coolbaugh resident is 39 years old with a yearly income of $26,444. The average family has 3.57 members and a median household income of $58,033. Coolbaugh has a 22% higher education rate. The unemployment rate in Coolbaugh is 9.3%.
24% of Coolbaugh households are renters.
36% median household income spent on rent.
Bedrooms |
Monroe County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $885 | $680 | $737 |
| 1 bedroom | $913 | $747 | $813 |
| 2 bedroom | $1,178 | $929 | $1,015 |
| 3 bedroom | $1,630 | $1,198 | $1,325 |
| 4 bedroom | $1,892 | $1,330 | $1,521 |
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