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Multifamily Loans in
Mount Laurel, NJ

Overview

Mount Laurel is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mount Laurel are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mount Laurel are competitive. Mount Laurel 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 Mount Laurel.

Get multifamily loan quotes for Feb 02, 2025


Multifamily Loan Rates in Mount Laurel, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mount Laurel 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%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 02/01/2025. This is not an offer or commitment to lend. Multifamily loan rates in Mount Laurel may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Feb 02, 2025


Multifamily Lenders in Mount Laurel, NJ

All major multifamily lender types are lending in Mount Laurel.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Feb 02, 2025


Mount Laurel Market

The city of Mount Laurel in Burlington County has a population of 41,422. The median rent in Burlington County for a 2 bedroom is $1,358. The median Mount Laurel resident is 44 years old with a yearly income of $49,888. The average family has 2.97 members and a median household income of $94,832. Mount Laurel has a 53% higher education rate. The unemployment rate in Mount Laurel is 4.2%.


Population
41,422 people

County
Burlington County

Renters
24%

24% of Mount Laurel households are renters.


Rent Burden
26.4%

26.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mount Laurel Demographics


Median Individual Income
$49,888 / year

Median Household Income
$94,832 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.2%
Household Income Distribution
Mount Laurel, NJ
Under 35kUnder 35k25k-35k25k-35k35k-50k35k-50k75k-100k75k-100k100k-150k100k-150k150k+150k+14.310.814.114.318.727.928.021.014.07.00.0
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Median Age
44 years

Avg Family Size
2.97 people
Age Distribution
Mount Laurel, NJ
Under 10Under 1010-1910-1920's20's30's30's40's40's50's50's60's60's70's70'sOver 80Over 8010.911.710.512.714.414.312.18.5516.012.08.04.00.0
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College Education or Above
53%

STEM College Graduates
48%
Education Distribution
Mount Laurel, NJ
< High School< High SchoolHigh SchoolHigh SchoolSome CollegeSome CollegeBachelor'sBachelor'sGraduateGraduate3.920.522.530.922.132.024.016.08.00.0
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Source: U.S. Census Bureau

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