Fort Collins is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Fort Collins are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Fort Collins are slightly higher than the national average. Fort Collins apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Fort Collins.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fort Collins 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 10 Year Fixed | 5.18% - 5.42% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Fort Collins.
The city of Fort Collins in Larimer County has a population of 170,243. The median rent in Larimer County for a 2 bedroom is $1,464. The median Fort Collins resident is 29 years old with a yearly income of $29,477. The average family has 2.96 members and a median household income of $65,866. Fort Collins has a 56% higher education rate. The unemployment rate in Fort Collins is 5.4%.
46.6% of Fort Collins households are renters.
38.8% median household income spent on rent.
Bedrooms |
Larimer County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,088 | $873 | $737 |
| 1 bedroom | $1,187 | $932 | $813 |
| 2 bedroom | $1,464 | $1,168 | $1,015 |
| 3 bedroom | $2,095 | $1,570 | $1,325 |
| 4 bedroom | $2,535 | $1,825 | $1,521 |
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