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Multifamily Loans in
Trenton, NJ

Overview

Trenton is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Trenton are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Trenton are slightly higher than the national average. Trenton 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 Trenton.

Get multifamily loan quotes for Feb 02, 2025


Multifamily Loan Rates in Trenton, NJ

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Trenton 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%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 02/01/2025. This is not an offer or commitment to lend. Multifamily loan rates in Trenton may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Feb 02, 2025


Multifamily Lenders in Trenton, NJ

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Trenton.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Feb 02, 2025


Trenton Market

The city of Trenton in Mercer County has a population of 83,203. The median rent in Mercer County for a 2 bedroom is $1,683. The median Trenton resident is 34 years old with a yearly income of $20,681. The average family has 3.85 members and a median household income of $35,402. Trenton has a 12% higher education rate. The unemployment rate in Trenton is 11.4%.


Population
83,203 people

County
Mercer County

Renters
64%

64% of Trenton households are renters.


Rent Burden
50%

50% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Mercer County 1
New Jersey 2
National 2
Studio $1,110 $1,166 $737
1 bedroom $1,280 $1,353 $813
2 bedroom $1,683 $1,671 $1,015
3 bedroom $2,093 $2,131 $1,325
4 bedroom $2,304 $2,445 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Trenton Demographics


Median Individual Income
$20,681 / year

Median Household Income
$35,402 / year

Families w/ Dual Incomes
46%

Unemployment Rate
11.4%
Household Income Distribution
Trenton, NJ
Under 35kUnder 35k25k-35k25k-35k35k-50k35k-50k75k-100k75k-100k100k-150k100k-150k150k+150k+49.512.115.29.58.25.350.040.030.020.010.00.0
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Median Age
34 years

Avg Family Size
3.85 people
Age Distribution
Trenton, NJ
Under 10Under 1010-1910-1920's20's30's30's40's40's50's50's60's60's70's70'sOver 80Over 80151414.615.81312.493.62.816.012.08.04.00.0
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College Education or Above
12%

STEM College Graduates
40%
Education Distribution
Trenton, NJ
< High School< High SchoolHigh SchoolHigh SchoolSome CollegeSome CollegeBachelor'sBachelor'sGraduateGraduate28.634.924.47.74.536.027.018.09.00.0
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Source: U.S. Census Bureau

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