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Multifamily Loans in
Berwyn, IL

Overview

Berwyn is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Berwyn are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Berwyn are some of the lowest nationally. Berwyn 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 Berwyn.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Berwyn, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Berwyn 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Berwyn 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 02, 2021


Multifamily Lenders in Berwyn, IL

All major multifamily lender types are lending in Berwyn.


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 02, 2021


Berwyn Market

The city of Berwyn in Cook County has a population of 54,391. The median rent in Cook County for a 2 bedroom is $1,417. The median Berwyn resident is 35 years old with a yearly income of $30,707. The average family has 3.73 members and a median household income of $62,758. Berwyn has a 23% higher education rate. The unemployment rate in Berwyn is 4.2%.


Population
54,391 people

County
Cook County

Renters

42% of Berwyn households are renters.


Rent Burden

26.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cook County 1
Illinois 2
National 2
Studio $1,104 $599 $737
1 bedroom $1,224 $669 $813
2 bedroom $1,417 $840 $1,015
3 bedroom $1,799 $1,100 $1,325
4 bedroom $2,147 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Berwyn Demographics


Median Individual Income
$30,707 / year

Median Household Income
$62,758 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.2%
Household Income Distribution
Berwyn, IL

Median Age
35 years

Avg Family Size
3.73 people
Age Distribution
Berwyn, IL

College Education or Above
23%

STEM College Graduates
40%
Education Distribution
Berwyn, IL
Source: U.S. Census Bureau

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