Gardner is located in a good market for 5+ unit multifamily loans. Multifamily loans in Gardner are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Gardner are competitive. Gardner 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 Gardner.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gardner 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 | 5.23% - 5.47% |
| 10 Year Fixed | 5.14% - 5.38% |
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 Gardner.
The city of Gardner in Worcester County has a population of 20,683. The median rent in Worcester County for a 2 bedroom is $1,552. The median Gardner resident is 41 years old with a yearly income of $28,567. The average family has 2.92 members and a median household income of $49,679. Gardner has a 18% higher education rate. The unemployment rate in Gardner is 3.9%.
48% of Gardner households are renters.
30.4% median household income spent on rent.
Bedrooms |
Worcester County 1 |
Massachusetts 2 |
National 2 |
|---|---|---|---|
| Studio | $1,138 | $1,259 | $737 |
| 1 bedroom | $1,214 | $1,399 | $813 |
| 2 bedroom | $1,552 | $1,747 | $1,015 |
| 3 bedroom | $1,930 | $2,190 | $1,325 |
| 4 bedroom | $2,105 | $2,423 | $1,521 |
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