Pleasantville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Pleasantville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Pleasantville are slightly higher than the national average. Pleasantville 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 Pleasantville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pleasantville 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
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 Pleasantville.
The city of Pleasantville in Atlantic County has a population of 20,149. The median rent in Atlantic County for a 2 bedroom is $1,509. The median Pleasantville resident is 35 years old with a yearly income of $21,728. The average family has 3.63 members and a median household income of $40,991. Pleasantville has a 13% higher education rate. The unemployment rate in Pleasantville is 8.8%.
55.4% of Pleasantville households are renters.
46.1% median household income spent on rent.
Bedrooms |
Atlantic County 1 |
New Jersey 2 |
National 2 |
|---|---|---|---|
| Studio | $1,012 | $1,166 | $737 |
| 1 bedroom | $1,194 | $1,353 | $813 |
| 2 bedroom | $1,509 | $1,671 | $1,015 |
| 3 bedroom | $2,067 | $2,131 | $1,325 |
| 4 bedroom | $2,302 | $2,445 | $1,521 |
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