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Multifamily Loans in
Allison Park, PA

Overview

Allison Park is located in a good market for 5+ unit multifamily loans. Multifamily loans in Allison Park are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Allison Park are competitive. Allison Park 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 Allison Park.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Allison Park, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Allison Park are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Allison Park 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 Dec 08, 2021


Multifamily Lenders in Allison Park, PA

All major multifamily lender types are lending in Allison Park.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Allison Park Market

The city of Allison Park in Allegheny County has a population of 23,092. The median rent in Allegheny County for a 2 bedroom is $1,022. The median Allison Park resident is 44 years old with a yearly income of $41,077. The average family has 3.03 members and a median household income of $83,594. Allison Park has a 53% higher education rate. The unemployment rate in Allison Park is 4.0%.


Population
23,092 people

County
Allegheny County

Renters

24.6% of Allison Park households are renters.


Rent Burden

31.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Allegheny County 1
Pennsylvania 2
National 2
Studio $776 $680 $737
1 bedroom $839 $747 $813
2 bedroom $1,022 $929 $1,015
3 bedroom $1,311 $1,198 $1,325
4 bedroom $1,436 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Allison Park Demographics


Median Individual Income
$41,077 / year

Median Household Income
$83,594 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.0%
Household Income Distribution
Allison Park, PA

Median Age
44 years

Avg Family Size
3.03 people
Age Distribution
Allison Park, PA

College Education or Above
53%

STEM College Graduates
54%
Education Distribution
Allison Park, PA
Source: U.S. Census Bureau

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