Northglenn is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Northglenn are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Northglenn are some of the lowest nationally. Northglenn 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 Northglenn.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Northglenn 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 | 5.17% - 5.41% |
| 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 | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Northglenn.
The city of Northglenn in Adams County has a population of 38,819. The median rent in Adams County for a 2 bedroom is $1,750. The median Northglenn resident is 33 years old with a yearly income of $32,726. The average family has 3.57 members and a median household income of $66,300. Northglenn has a 21% higher education rate. The unemployment rate in Northglenn is 4.5%.
46.2% of Northglenn households are renters.
34.4% median household income spent on rent.
Bedrooms |
Adams County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,286 | $873 | $737 |
| 1 bedroom | $1,422 | $932 | $813 |
| 2 bedroom | $1,750 | $1,168 | $1,015 |
| 3 bedroom | $2,383 | $1,570 | $1,325 |
| 4 bedroom | $2,710 | $1,825 | $1,521 |
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