Greensboro is located in a good market for 5+ unit multifamily loans. Multifamily loans in Greensboro are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Greensboro are competitive. Greensboro 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 Greensboro.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greensboro 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 Greensboro.
The city of Greensboro in Guilford County has a population of 296,710. The median rent in Guilford County for a 2 bedroom is $919. The median Greensboro resident is 35 years old with a yearly income of $27,173. The average family has 3.08 members and a median household income of $48,964. Greensboro has a 38% higher education rate. The unemployment rate in Greensboro is 6.1%.
49.7% of Greensboro households are renters.
30.7% median household income spent on rent.
Bedrooms |
Guilford County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $772 | $694 | $737 |
| 1 bedroom | $803 | $713 | $813 |
| 2 bedroom | $919 | $871 | $1,015 |
| 3 bedroom | $1,214 | $1,152 | $1,325 |
| 4 bedroom | $1,379 | $1,386 | $1,521 |
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