Loading...

Multifamily Loans in
East Honolulu, HI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in East Honolulu, HI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in East Honolulu 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 3.28% - 3.52%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in East Honolulu 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 04, 2021


Multifamily Lenders in East Honolulu, HI

All major multifamily lender types are lending in East Honolulu.


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 04, 2021


East Honolulu Market

The city of East Honolulu in Honolulu County has a population of 47,540. The median rent in Honolulu County for a 2 bedroom is $2,285. The median East Honolulu resident is 48 years old with a yearly income of $53,634. The average family has 3.21 members and a median household income of $133,165. East Honolulu has a 58% higher education rate. The unemployment rate in East Honolulu is 2.0%.


Population
47,540 people

County
Honolulu County

Renters

17% of East Honolulu households are renters.


Rent Burden

30.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Honolulu County 1
Hawaii 2
National 2
Studio $1,579 $1,391 $737
1 bedroom $1,738 $1,553 $813
2 bedroom $2,285 $1,987 $1,015
3 bedroom $3,270 $2,739 $1,325
4 bedroom $3,956 $3,158 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

East Honolulu Demographics


Median Individual Income
$53,634 / year

Median Household Income
$133,165 / year

Families w/ Dual Incomes
59%

Unemployment Rate
2.0%
Household Income Distribution
East Honolulu, HI

Median Age
48 years

Avg Family Size
3.21 people
Age Distribution
East Honolulu, HI

College Education or Above
58%

STEM College Graduates
45%
Education Distribution
East Honolulu, HI
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