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Multifamily Loans in
Hastings, NE

Overview

Hastings is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Hastings are considered greater risk due to market dynamics. Interest rates for multifamily loans in Hastings are higher than the national average. Hastings apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Hastings.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Hastings, NE

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hastings 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.68% - 3.92%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Hastings 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 Hastings, NE

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


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 Dec 04, 2021


Hastings Market

The city of Hastings in Adams County has a population of 24,692. The median rent in Adams County for a 2 bedroom is $778. The median Hastings resident is 36 years old with a yearly income of $26,959. The average family has 3.04 members and a median household income of $48,644. Hastings has a 25% higher education rate. The unemployment rate in Hastings is 2.5%.


Population
24,692 people

County
Adams County

Renters

38.7% of Hastings households are renters.


Rent Burden

28.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Adams County 1
Nebraska 2
National 2
Studio $513 $526 $737
1 bedroom $614 $616 $813
2 bedroom $778 $786 $1,015
3 bedroom $1,047 $1,024 $1,325
4 bedroom $1,246 $1,140 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hastings Demographics


Median Individual Income
$26,959 / year

Median Household Income
$48,644 / year

Families w/ Dual Incomes
54%

Unemployment Rate
2.5%
Household Income Distribution
Hastings, NE

Median Age
36 years

Avg Family Size
3.04 people
Age Distribution
Hastings, NE

College Education or Above
25%

STEM College Graduates
42%
Education Distribution
Hastings, NE
Source: U.S. Census Bureau

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