Mansfield is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mansfield are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mansfield are competitive. Mansfield 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 Mansfield.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mansfield 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 Mansfield.
The city of Mansfield in Tolland County has a population of 25,799. The median rent in Tolland County for a 2 bedroom is $1,437. The median Mansfield resident is 21 years old with a yearly income of $7,081. The average family has 2.95 members and a median household income of $51,911. Mansfield has a 56% higher education rate. The unemployment rate in Mansfield is 5.0%.
46.7% of Mansfield households are renters.
68.4% median household income spent on rent.
Bedrooms |
Tolland County 1 |
Connecticut 2 |
National 2 |
|---|---|---|---|
| Studio | $948 | $974 | $737 |
| 1 bedroom | $1,164 | $1,155 | $813 |
| 2 bedroom | $1,437 | $1,442 | $1,015 |
| 3 bedroom | $1,787 | $1,820 | $1,325 |
| 4 bedroom | $2,089 | $2,144 | $1,521 |
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