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Multifamily Loans in
Brownsburg, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Brownsburg, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Brownsburg 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 3.25% - 3.49%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Brownsburg 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 Brownsburg, IN

All major multifamily lender types are lending in Brownsburg.


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


Brownsburg Market

The city of Brownsburg in Hendricks County has a population of 27,001. The median rent in Hendricks County for a 2 bedroom is $1,007. The median Brownsburg resident is 36 years old with a yearly income of $35,436. The average family has 3.32 members and a median household income of $78,877. Brownsburg has a 39% higher education rate. The unemployment rate in Brownsburg is 3.0%.


Population
27,001 people

County
Hendricks County

Renters

26.8% of Brownsburg households are renters.


Rent Burden

26.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hendricks County 1
Indiana 2
National 2
Studio $722 $593 $737
1 bedroom $831 $666 $813
2 bedroom $1,007 $840 $1,015
3 bedroom $1,329 $1,099 $1,325
4 bedroom $1,548 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Brownsburg Demographics


Median Individual Income
$35,436 / year

Median Household Income
$78,877 / year

Families w/ Dual Incomes
69%

Unemployment Rate
3.0%
Household Income Distribution
Brownsburg, IN

Median Age
36 years

Avg Family Size
3.32 people
Age Distribution
Brownsburg, IN

College Education or Above
39%

STEM College Graduates
42%
Education Distribution
Brownsburg, IN
Source: U.S. Census Bureau

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