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Multifamily Loans in
Green, OH

Overview

Green is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Green are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Green are slightly higher than the national average. Green 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 Green.

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Green, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Green 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 3.29% - 3.54%
7 Year Fixed 3.53% - 3.98%
10 Year Fixed 3.49% - 3.89%
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 Green 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 Green, OH

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


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 Nov 26, 2021


Green Market

The city of Green in Summit County has a population of 25,752. The median rent in Summit County for a 2 bedroom is $911. The median Green resident is 42 years old with a yearly income of $35,197. The average family has 3.1 members and a median household income of $75,566. Green has a 37% higher education rate. The unemployment rate in Green is 3.7%.


Population
25,752 people

County
Summit County

Renters

26.7% of Green households are renters.


Rent Burden

24.3% 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

Green Demographics


Median Individual Income
$35,197 / year

Median Household Income
$75,566 / year

Families w/ Dual Incomes
57%

Unemployment Rate
3.7%
Household Income Distribution
Green, OH

Median Age
42 years

Avg Family Size
3.1 people
Age Distribution
Green, OH

College Education or Above
37%

STEM College Graduates
47%
Education Distribution
Green, OH
Source: U.S. Census Bureau

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