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Multifamily Loans in
Highland, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Highland, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Highland 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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
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 Highland 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 Highland, IN

All major multifamily lender types are lending in Highland.


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


Highland Market

The city of Highland in Lake County has a population of 22,316. The median rent in Lake County for a 2 bedroom is $978. The median Highland resident is 42 years old with a yearly income of $35,626. The average family has 3 members and a median household income of $67,281. Highland has a 29% higher education rate. The unemployment rate in Highland is 4.9%.


Population
22,316 people

County
Lake County

Renters

21.1% of Highland households are renters.


Rent Burden

25.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lake County 1
Indiana 2
National 2
Studio $645 $593 $737
1 bedroom $794 $666 $813
2 bedroom $978 $840 $1,015
3 bedroom $1,216 $1,099 $1,325
4 bedroom $1,378 $1,251 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Highland Demographics


Median Individual Income
$35,626 / year

Median Household Income
$67,281 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.9%
Household Income Distribution
Highland, IN

Median Age
42 years

Avg Family Size
3 people
Age Distribution
Highland, IN

College Education or Above
29%

STEM College Graduates
37%
Education Distribution
Highland, IN
Source: U.S. Census Bureau

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