Greer is located in a good market for 5+ unit multifamily loans. Multifamily loans in Greer are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Greer are competitive. Greer 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 Greer.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greer 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 Greer.
The city of Greer in Greenville County has a population of 33,373. The median rent in Greenville County for a 2 bedroom is $1,022. The median Greer resident is 35 years old with a yearly income of $31,939. The average family has 3.35 members and a median household income of $61,744. Greer has a 33% higher education rate. The unemployment rate in Greer is 3.7%.
37.7% of Greer households are renters.
26.1% median household income spent on rent.
Bedrooms |
Greenville County 1 |
South Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $793 | $697 | $737 |
| 1 bedroom | $897 | $732 | $813 |
| 2 bedroom | $1,022 | $879 | $1,015 |
| 3 bedroom | $1,361 | $1,158 | $1,325 |
| 4 bedroom | $1,647 | $1,369 | $1,521 |
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