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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Greenwood are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Greenwood.
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%.
41.9% of Greenwood households are renters.
25.9% median household income spent on rent.
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 |
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