Leland is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Leland are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Leland are slightly higher than the national average. Leland 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 Leland.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Leland 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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 Leland.
The city of Leland in Brunswick County has a population of 23,544. The median rent in Brunswick County for a 2 bedroom is $900. The median Leland resident is 46 years old with a yearly income of $32,392. The average family has 2.84 members and a median household income of $68,924. Leland has a 38% higher education rate. The unemployment rate in Leland is 4.9%.
19.6% of Leland households are renters.
29.2% median household income spent on rent.
Bedrooms |
Brunswick County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $747 | $694 | $737 |
| 1 bedroom | $771 | $713 | $813 |
| 2 bedroom | $900 | $871 | $1,015 |
| 3 bedroom | $1,253 | $1,152 | $1,325 |
| 4 bedroom | $1,558 | $1,386 | $1,521 |
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