Ridley is located in a good market for 5+ unit multifamily loans. Multifamily loans in Ridley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Ridley are competitive. Ridley 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 Ridley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ridley 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 Ridley.
The city of Ridley in Delaware County has a population of 31,120. The median rent in Delaware County for a 2 bedroom is $1,358. The median Ridley resident is 40 years old with a yearly income of $38,455. The average family has 3.34 members and a median household income of $75,215. Ridley has a 26% higher education rate. The unemployment rate in Ridley is 4.2%.
26.2% of Ridley households are renters.
28.5% median household income spent on rent.
Bedrooms |
Delaware County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $970 | $680 | $737 |
| 1 bedroom | $1,121 | $747 | $813 |
| 2 bedroom | $1,358 | $929 | $1,015 |
| 3 bedroom | $1,689 | $1,198 | $1,325 |
| 4 bedroom | $1,935 | $1,330 | $1,521 |
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