Sherwood is located in a good market for 5+ unit multifamily loans. Multifamily loans in Sherwood are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Sherwood are competitive. Sherwood 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 Sherwood.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sherwood 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 | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
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 Sherwood.
The city of Sherwood in Pulaski County has a population of 31,436. The median rent in Pulaski County for a 2 bedroom is $898. The median Sherwood resident is 39 years old with a yearly income of $32,673. The average family has 3.05 members and a median household income of $63,131. Sherwood has a 31% higher education rate. The unemployment rate in Sherwood is 2.8%.
28.7% of Sherwood households are renters.
27.7% median household income spent on rent.
Bedrooms |
Pulaski County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $742 | $535 | $737 |
| 1 bedroom | $777 | $574 | $813 |
| 2 bedroom | $898 | $723 | $1,015 |
| 3 bedroom | $1,206 | $954 | $1,325 |
| 4 bedroom | $1,416 | $1,104 | $1,521 |
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