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Multifamily Loans in
Cincinnati, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Cincinnati, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cincinnati 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 Cincinnati 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 Cincinnati, OH

All major multifamily lender types are lending in Cincinnati.


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


Cincinnati Market

The city of Cincinnati in Hamilton County has a population of 303,940. The median rent in Hamilton County for a 2 bedroom is $989. The median Cincinnati resident is 32 years old with a yearly income of $25,846. The average family has 2.99 members and a median household income of $40,640. Cincinnati has a 37% higher education rate. The unemployment rate in Cincinnati is 8.0%.


Population
303,940 people

County
Hamilton County

Renters

62.2% of Cincinnati households are renters.


Rent Burden

32.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hamilton County 1
Ohio 2
National 2
Studio $653 $597 $737
1 bedroom $754 $662 $813
2 bedroom $989 $834 $1,015
3 bedroom $1,343 $1,084 $1,325
4 bedroom $1,539 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Cincinnati Demographics


Median Individual Income
$25,846 / year

Median Household Income
$40,640 / year

Families w/ Dual Incomes
47%

Unemployment Rate
8.0%
Household Income Distribution
Cincinnati, OH

Median Age
32 years

Avg Family Size
2.99 people
Age Distribution
Cincinnati, OH

College Education or Above
37%

STEM College Graduates
43%
Education Distribution
Cincinnati, OH
Source: U.S. Census Bureau

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