Marshall is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Marshall are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Marshall are slightly higher than the national average. Marshall 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 Marshall.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Marshall 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 10 Year Fixed | 5.18% - 5.42% |
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 Marshall.
The city of Marshall in Harrison County has a population of 22,831. The median rent in Harrison County for a 2 bedroom is $886. The median Marshall resident is 35 years old with a yearly income of $22,297. The average family has 3.42 members and a median household income of $41,250. Marshall has a 17% higher education rate. The unemployment rate in Marshall is 5.5%.
41.7% of Marshall households are renters.
33.3% median household income spent on rent.
Bedrooms |
Harrison County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $585 | $669 | $737 |
| 1 bedroom | $717 | $738 | $813 |
| 2 bedroom | $886 | $912 | $1,015 |
| 3 bedroom | $1,113 | $1,210 | $1,325 |
| 4 bedroom | $1,201 | $1,407 | $1,521 |
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