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Multifamily Loans in
Greenwood, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Greenwood, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greenwood 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Greenwood 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 02, 2021


Multifamily Lenders in Greenwood, IN

All major multifamily lender types are lending in Greenwood.


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 02, 2021


Greenwood Market

The city of Greenwood in Johnson County has a population of 59,458. The median rent in Johnson County for a 2 bedroom is $1,007. The median Greenwood resident is 35 years old with a yearly income of $34,192. The average family has 3.19 members and a median household income of $63,474. Greenwood has a 31% higher education rate. The unemployment rate in Greenwood is 3.4%.


Population
59,458 people

County
Johnson County

Renters

41.9% of Greenwood households are renters.


Rent Burden

25.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Johnson County 1
Indiana 2
National 2
Studio $722 $593 $737
1 bedroom $831 $666 $813
2 bedroom $1,007 $840 $1,015
3 bedroom $1,329 $1,099 $1,325
4 bedroom $1,548 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Greenwood Demographics


Median Individual Income
$34,192 / year

Median Household Income
$63,474 / year

Families w/ Dual Incomes
54%

Unemployment Rate
3.4%
Household Income Distribution
Greenwood, IN

Median Age
35 years

Avg Family Size
3.19 people
Age Distribution
Greenwood, IN

College Education or Above
31%

STEM College Graduates
46%
Education Distribution
Greenwood, IN
Source: U.S. Census Bureau

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