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Multifamily Loans in
Hilliard, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Hilliard, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hilliard 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Hilliard 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 08, 2021


Multifamily Lenders in Hilliard, OH

All major multifamily lender types are lending in Hilliard.


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 08, 2021


Hilliard Market

The city of Hilliard in Franklin County has a population of 36,534. The median rent in Franklin County for a 2 bedroom is $1,105. The median Hilliard resident is 37 years old with a yearly income of $45,507. The average family has 3.15 members and a median household income of $96,959. Hilliard has a 55% higher education rate. The unemployment rate in Hilliard is 3.4%.


Population
36,534 people

County
Franklin County

Renters

29.4% of Hilliard households are renters.


Rent Burden

27.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Franklin County 1
Ohio 2
National 2
Studio $768 $597 $737
1 bedroom $886 $662 $813
2 bedroom $1,105 $834 $1,015
3 bedroom $1,391 $1,084 $1,325
4 bedroom $1,574 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hilliard Demographics


Median Individual Income
$45,507 / year

Median Household Income
$96,959 / year

Families w/ Dual Incomes
66%

Unemployment Rate
3.4%
Household Income Distribution
Hilliard, OH

Median Age
37 years

Avg Family Size
3.15 people
Age Distribution
Hilliard, OH

College Education or Above
55%

STEM College Graduates
46%
Education Distribution
Hilliard, OH
Source: U.S. Census Bureau

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