Loading...

Multifamily Loans in
Lawrence, IN

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Lawrence, IN

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

All major multifamily lender types are lending in Lawrence.


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


Lawrence Market

The city of Lawrence in Marion County has a population of 49,462. The median rent in Marion County for a 2 bedroom is $1,007. The median Lawrence resident is 35 years old with a yearly income of $34,693. The average family has 3.41 members and a median household income of $56,819. Lawrence has a 34% higher education rate. The unemployment rate in Lawrence is 5.7%.


Population
49,462 people

County
Marion County

Renters

34.9% of Lawrence households are renters.


Rent Burden

32.7% 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

Lawrence Demographics


Median Individual Income
$34,693 / year

Median Household Income
$56,819 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.7%
Household Income Distribution
Lawrence, IN

Median Age
35 years

Avg Family Size
3.41 people
Age Distribution
Lawrence, IN

College Education or Above
34%

STEM College Graduates
38%
Education Distribution
Lawrence, 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