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Multifamily Loans in
Chesterfield, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Chesterfield, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Chesterfield 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Chesterfield 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 04, 2021


Multifamily Lenders in Chesterfield, MO

All major multifamily lender types are lending in Chesterfield.


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 04, 2021


Chesterfield Market

The city of Chesterfield in St. Louis County has a population of 47,538. The median rent in St. Louis County for a 2 bedroom is $1,005. The median Chesterfield resident is 47 years old with a yearly income of $50,730. The average family has 2.95 members and a median household income of $113,315. Chesterfield has a 69% higher education rate. The unemployment rate in Chesterfield is 2.5%.


Population
47,538 people

County
St. Louis County

Renters

22% of Chesterfield households are renters.


Rent Burden

24.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Louis County 1
Missouri 2
National 2
Studio $719 $535 $737
1 bedroom $783 $594 $813
2 bedroom $1,005 $761 $1,015
3 bedroom $1,311 $1,010 $1,325
4 bedroom $1,543 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Chesterfield Demographics


Median Individual Income
$50,730 / year

Median Household Income
$113,315 / year

Families w/ Dual Incomes
58%

Unemployment Rate
2.5%
Household Income Distribution
Chesterfield, MO

Median Age
47 years

Avg Family Size
2.95 people
Age Distribution
Chesterfield, MO

College Education or Above
69%

STEM College Graduates
50%
Education Distribution
Chesterfield, MO
Source: U.S. Census Bureau

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