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Multifamily Loans in
Brunswick, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Brunswick, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Brunswick 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 3.16% - 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 Brunswick 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 Brunswick, OH

All major multifamily lender types are lending in Brunswick.


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


Brunswick Market

The city of Brunswick in Medina County has a population of 34,880. The median rent in Medina County for a 2 bedroom is $925. The median Brunswick resident is 40 years old with a yearly income of $35,494. The average family has 3.15 members and a median household income of $69,884. Brunswick has a 27% higher education rate. The unemployment rate in Brunswick is 2.4%.


Population
34,880 people

County
Medina County

Renters

23.5% of Brunswick households are renters.


Rent Burden

24.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Medina County 1
Ohio 2
National 2
Studio $640 $597 $737
1 bedroom $754 $662 $813
2 bedroom $925 $834 $1,015
3 bedroom $1,216 $1,084 $1,325
4 bedroom $1,271 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Brunswick Demographics


Median Individual Income
$35,494 / year

Median Household Income
$69,884 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.4%
Household Income Distribution
Brunswick, OH

Median Age
40 years

Avg Family Size
3.15 people
Age Distribution
Brunswick, OH

College Education or Above
27%

STEM College Graduates
39%
Education Distribution
Brunswick, OH
Source: U.S. Census Bureau

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