Loading...

Multifamily Loans in
Indianapolis, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Indianapolis, IN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Indianapolis 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 Indianapolis 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 Indianapolis, IN

All major multifamily lender types are lending in Indianapolis.


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


Indianapolis Market

The city of Indianapolis in Marion County has a population of 876,384. The median rent in Marion County for a 2 bedroom is $1,007. The median Indianapolis resident is 34 years old with a yearly income of $29,167. The average family has 3.42 members and a median household income of $47,873. Indianapolis has a 31% higher education rate. The unemployment rate in Indianapolis is 6.4%.


Population
876,384 people

County
Marion County

Renters

46.9% of Indianapolis households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Marion 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

Indianapolis Demographics


Median Individual Income
$29,167 / year

Median Household Income
$47,873 / year

Families w/ Dual Incomes
50%

Unemployment Rate
6.4%
Household Income Distribution
Indianapolis, IN

Median Age
34 years

Avg Family Size
3.42 people
Age Distribution
Indianapolis, IN

College Education or Above
31%

STEM College Graduates
42%
Education Distribution
Indianapolis, IN
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day