Moorestown is located in a good market for 5+ unit multifamily loans. Multifamily loans in Moorestown are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Moorestown are competitive. Moorestown 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 Moorestown.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Moorestown 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 Moorestown.
The city of Moorestown in Burlington County has a population of 20,449. The median rent in Burlington County for a 2 bedroom is $1,358. The median Moorestown resident is 44 years old with a yearly income of $60,023. The average family has 3.22 members and a median household income of $148,060. Moorestown has a 65% higher education rate. The unemployment rate in Moorestown is 2.6%.
18.4% of Moorestown households are renters.
23.6% median household income spent on rent.
Bedrooms |
Burlington County 1 |
New Jersey 2 |
National 2 |
|---|---|---|---|
| Studio | $970 | $1,166 | $737 |
| 1 bedroom | $1,121 | $1,353 | $813 |
| 2 bedroom | $1,358 | $1,671 | $1,015 |
| 3 bedroom | $1,689 | $2,131 | $1,325 |
| 4 bedroom | $1,935 | $2,445 | $1,521 |
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