Loading...

Multifamily Loans in
Council Bluffs, IA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Council Bluffs, IA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Council Bluffs 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 Council Bluffs 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 Council Bluffs, IA

All major multifamily lender types are lending in Council Bluffs.


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


Council Bluffs Market

The city of Council Bluffs in Pottawattamie County has a population of 62,166. The median rent in Pottawattamie County for a 2 bedroom is $1,054. The median Council Bluffs resident is 38 years old with a yearly income of $29,853. The average family has 3.06 members and a median household income of $53,524. Council Bluffs has a 19% higher education rate. The unemployment rate in Council Bluffs is 4.3%.


Population
62,166 people

County
Pottawattamie County

Renters

38.7% of Council Bluffs households are renters.


Rent Burden

30% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pottawattamie County 1
Iowa 2
National 2
Studio $743 $558 $737
1 bedroom $852 $613 $813
2 bedroom $1,054 $785 $1,015
3 bedroom $1,415 $1,038 $1,325
4 bedroom $1,578 $1,151 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Council Bluffs Demographics


Median Individual Income
$29,853 / year

Median Household Income
$53,524 / year

Families w/ Dual Incomes
52%

Unemployment Rate
4.3%
Household Income Distribution
Council Bluffs, IA

Median Age
38 years

Avg Family Size
3.06 people
Age Distribution
Council Bluffs, IA

College Education or Above
19%

STEM College Graduates
37%
Education Distribution
Council Bluffs, IA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day