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Multifamily Loans in
Lebanon, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lebanon, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lebanon 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 3.16% - 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 Lebanon 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 Lebanon, OH

All major multifamily lender types are lending in Lebanon.


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


Lebanon Market

The city of Lebanon in Warren County has a population of 20,659. The median rent in Warren County for a 2 bedroom is $989. The median Lebanon resident is 37 years old with a yearly income of $32,377. The average family has 3.1 members and a median household income of $65,477. Lebanon has a 28% higher education rate. The unemployment rate in Lebanon is 2.5%.


Population
20,659 people

County
Warren County

Renters

40.7% of Lebanon households are renters.


Rent Burden

23.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Warren County 1
Ohio 2
National 2
Studio $653 $597 $737
1 bedroom $754 $662 $813
2 bedroom $989 $834 $1,015
3 bedroom $1,343 $1,084 $1,325
4 bedroom $1,539 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lebanon Demographics


Median Individual Income
$32,377 / year

Median Household Income
$65,477 / year

Families w/ Dual Incomes
55%

Unemployment Rate
2.5%
Household Income Distribution
Lebanon, OH

Median Age
37 years

Avg Family Size
3.1 people
Age Distribution
Lebanon, OH

College Education or Above
28%

STEM College Graduates
46%
Education Distribution
Lebanon, OH
Source: U.S. Census Bureau

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