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Multifamily Loans in
King Of Prussia, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in King Of Prussia, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in King Of Prussia 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 3.42% - 3.66%
7 Year Fixed 3.33% - 3.57%
10 Year Fixed 3.52% - 3.76%
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 King Of Prussia 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 King Of Prussia, PA

All major multifamily lender types are lending in King Of Prussia.


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


King Of Prussia Market

The city of King Of Prussia in Montgomery County has a population of 21,313. The median rent in Montgomery County for a 2 bedroom is $1,358. The median King Of Prussia resident is 38 years old with a yearly income of $48,973. The average family has 2.96 members and a median household income of $90,136. King Of Prussia has a 60% higher education rate. The unemployment rate in King Of Prussia is 3.7%.


Population
21,313 people

County
Montgomery County

Renters

43.5% of King Of Prussia households are renters.


Rent Burden

22.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery County 1
Pennsylvania 2
National 2
Studio $970 $680 $737
1 bedroom $1,121 $747 $813
2 bedroom $1,358 $929 $1,015
3 bedroom $1,689 $1,198 $1,325
4 bedroom $1,935 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

King Of Prussia Demographics


Median Individual Income
$48,973 / year

Median Household Income
$90,136 / year

Families w/ Dual Incomes
54%

Unemployment Rate
3.7%
Household Income Distribution
King Of Prussia, PA

Median Age
38 years

Avg Family Size
2.96 people
Age Distribution
King Of Prussia, PA

College Education or Above
60%

STEM College Graduates
54%
Education Distribution
King Of Prussia, PA
Source: U.S. Census Bureau

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