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Multifamily Loans in
Cuyahoga Falls, OH

Overview

Cuyahoga Falls is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Cuyahoga Falls are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Cuyahoga Falls are slightly higher than the national average. Cuyahoga Falls apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Cuyahoga Falls.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Cuyahoga Falls, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cuyahoga Falls 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 $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Cuyahoga Falls 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 Cuyahoga Falls, OH

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Cuyahoga Falls.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Cuyahoga Falls Market

The city of Cuyahoga Falls in Summit County has a population of 49,106. The median rent in Summit County for a 2 bedroom is $911. The median Cuyahoga Falls resident is 40 years old with a yearly income of $33,342. The average family has 2.95 members and a median household income of $57,101. Cuyahoga Falls has a 33% higher education rate. The unemployment rate in Cuyahoga Falls is 3.7%.


Population
49,106 people

County
Summit County

Renters

38% of Cuyahoga Falls households are renters.


Rent Burden

27.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Summit County 1
Ohio 2
National 2
Studio $607 $597 $737
1 bedroom $712 $662 $813
2 bedroom $911 $834 $1,015
3 bedroom $1,147 $1,084 $1,325
4 bedroom $1,235 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Cuyahoga Falls Demographics


Median Individual Income
$33,342 / year

Median Household Income
$57,101 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.7%
Household Income Distribution
Cuyahoga Falls, OH

Median Age
40 years

Avg Family Size
2.95 people
Age Distribution
Cuyahoga Falls, OH

College Education or Above
33%

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

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