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Multifamily Loans in
Dekalb, IL

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Dekalb, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dekalb 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 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Dekalb 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 Nov 26, 2021


Multifamily Lenders in Dekalb, IL

All major multifamily lender types are lending in Dekalb.


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 Nov 26, 2021


Dekalb Market

The city of Dekalb in DeKalb County has a population of 42,847. The median rent in DeKalb County for a 2 bedroom is $1,092. The median Dekalb resident is 25 years old with a yearly income of $20,622. The average family has 3.12 members and a median household income of $45,020. Dekalb has a 39% higher education rate. The unemployment rate in Dekalb is 9.5%.


Population
42,847 people

County
DeKalb County

Renters

60% of Dekalb households are renters.


Rent Burden

40.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
DeKalb County 1
Illinois 2
National 2
Studio $748 $599 $737
1 bedroom $854 $669 $813
2 bedroom $1,092 $840 $1,015
3 bedroom $1,563 $1,100 $1,325
4 bedroom $1,891 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Dekalb Demographics


Median Individual Income
$20,622 / year

Median Household Income
$45,020 / year

Families w/ Dual Incomes
49%

Unemployment Rate
9.5%
Household Income Distribution
Dekalb, IL

Median Age
25 years

Avg Family Size
3.12 people
Age Distribution
Dekalb, IL

College Education or Above
39%

STEM College Graduates
41%
Education Distribution
Dekalb, IL
Source: U.S. Census Bureau

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