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Multifamily Loans in
Drexel Hill, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Drexel Hill, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Drexel Hill 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 Drexel Hill 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 Drexel Hill, PA

All major multifamily lender types are lending in Drexel Hill.


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


Drexel Hill Market

The city of Drexel Hill in Delaware County has a population of 27,939. The median rent in Delaware County for a 2 bedroom is $1,358. The median Drexel Hill resident is 38 years old with a yearly income of $39,825. The average family has 3.23 members and a median household income of $71,326. Drexel Hill has a 42% higher education rate. The unemployment rate in Drexel Hill is 4.1%.


Population
27,939 people

County
Delaware County

Renters

36.7% of Drexel Hill households are renters.


Rent Burden

27.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Delaware County 1
Pennsylvania 2
National 2
Studio $970 $680 $737
1 bedroom $1,121 $747 $813
2 bedroom $1,358 $929 $1,015
3 bedroom $1,689 $1,198 $1,325
4 bedroom $1,935 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Drexel Hill Demographics


Median Individual Income
$39,825 / year

Median Household Income
$71,326 / year

Families w/ Dual Incomes
60%

Unemployment Rate
4.1%
Household Income Distribution
Drexel Hill, PA

Median Age
38 years

Avg Family Size
3.23 people
Age Distribution
Drexel Hill, PA

College Education or Above
42%

STEM College Graduates
43%
Education Distribution
Drexel Hill, PA
Source: U.S. Census Bureau

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