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Multifamily Loans in
Broken Arrow, OK

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Broken Arrow, OK

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Broken Arrow 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 Broken Arrow 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 Broken Arrow, OK

All major multifamily lender types are lending in Broken Arrow.


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


Broken Arrow Market

The city of Broken Arrow in Tulsa County has a population of 110,198. The median rent in Tulsa County for a 2 bedroom is $951. The median Broken Arrow resident is 37 years old with a yearly income of $35,692. The average family has 3.15 members and a median household income of $73,119. Broken Arrow has a 33% higher education rate. The unemployment rate in Broken Arrow is 4.2%.


Population
110,198 people

County
Tulsa County

Renters

26.3% of Broken Arrow households are renters.


Rent Burden

26.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Tulsa County 1
Oklahoma 2
National 2
Studio $644 $589 $737
1 bedroom $740 $623 $813
2 bedroom $951 $790 $1,015
3 bedroom $1,260 $1,041 $1,325
4 bedroom $1,466 $1,191 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Broken Arrow Demographics


Median Individual Income
$35,692 / year

Median Household Income
$73,119 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.2%
Household Income Distribution
Broken Arrow, OK

Median Age
37 years

Avg Family Size
3.15 people
Age Distribution
Broken Arrow, OK

College Education or Above
33%

STEM College Graduates
38%
Education Distribution
Broken Arrow, OK
Source: U.S. Census Bureau

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