Thornton is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Thornton are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Thornton are some of the lowest nationally. Thornton 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 Thornton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Thornton 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 Thornton.
The city of Thornton in Adams County has a population of 141,464. The median rent in Adams County for a 2 bedroom is $1,750. The median Thornton resident is 34 years old with a yearly income of $38,757. The average family has 3.48 members and a median household income of $79,411. Thornton has a 29% higher education rate. The unemployment rate in Thornton is 3.6%.
27.2% of Thornton households are renters.
31.4% 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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