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Multifamily Loans in
Kansas City, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Kansas City, KS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kansas City 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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Kansas City 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 Kansas City, KS

All major multifamily lender types are lending in Kansas City.


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


Kansas City Market

The city of Kansas City in Wyandotte County has a population of 152,960. The median rent in Wyandotte County for a 2 bedroom is $1,095. The median Kansas City resident is 34 years old with a yearly income of $26,555. The average family has 3.47 members and a median household income of $45,665. Kansas City has a 18% higher education rate. The unemployment rate in Kansas City is 6.8%.


Population
152,960 people

County
Wyandotte County

Renters

43.7% of Kansas City households are renters.


Rent Burden

33.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Wyandotte County 1
Kansas 2
National 2
Studio $784 $581 $737
1 bedroom $919 $612 $813
2 bedroom $1,095 $781 $1,015
3 bedroom $1,463 $1,027 $1,325
4 bedroom $1,665 $1,166 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kansas City Demographics


Median Individual Income
$26,555 / year

Median Household Income
$45,665 / year

Families w/ Dual Incomes
52%

Unemployment Rate
6.8%
Household Income Distribution
Kansas City, KS

Median Age
34 years

Avg Family Size
3.47 people
Age Distribution
Kansas City, KS

College Education or Above
18%

STEM College Graduates
38%
Education Distribution
Kansas City, KS
Source: U.S. Census Bureau

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