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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kihei are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Kihei.
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%.
43% of Kihei households are renters.
34.2% median household income spent on rent.
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 |
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