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Multifamily Loans in
Kihei, HI

Overview

Kihei is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Kihei are considered greater risk due to market dynamics. Interest rates for multifamily loans in Kihei are higher than the national average. Kihei 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 Kihei.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Kihei, HI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kihei 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 Kihei 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 Kihei, HI

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


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


Kihei Market

The city of Kihei in Maui County has a population of 22,402. The median rent in Maui County for a 2 bedroom is $1,934. The median Kihei resident is 41 years old with a yearly income of $36,157. The average family has 3.36 members and a median household income of $78,869. Kihei has a 30% higher education rate. The unemployment rate in Kihei is 4.0%.


Population
22,402 people

County
Maui County

Renters

43% of Kihei households are renters.


Rent Burden

34.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Maui County 1
Hawaii 2
National 2
Studio $1,442 $1,391 $737
1 bedroom $1,537 $1,553 $813
2 bedroom $1,934 $1,987 $1,015
3 bedroom $2,686 $2,739 $1,325
4 bedroom $2,973 $3,158 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kihei Demographics


Median Individual Income
$36,157 / year

Median Household Income
$78,869 / year

Families w/ Dual Incomes
60%

Unemployment Rate
4.0%
Household Income Distribution
Kihei, HI

Median Age
41 years

Avg Family Size
3.36 people
Age Distribution
Kihei, HI

College Education or Above
30%

STEM College Graduates
48%
Education Distribution
Kihei, HI
Source: U.S. Census Bureau

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