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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lebanon 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Lebanon.
The city of Lebanon in Wilson County has a population of 36,479. The median rent in Wilson County for a 2 bedroom is $1,293. The median Lebanon resident is 36 years old with a yearly income of $26,441. The average family has 3.14 members and a median household income of $54,228. Lebanon has a 26% higher education rate. The unemployment rate in Lebanon is 4.4%.
41.7% of Lebanon households are renters.
31.6% median household income spent on rent.
Bedrooms |
Wilson County 1 |
Tennessee 2 |
National 2 |
|---|---|---|---|
| Studio | $1,078 | $618 | $737 |
| 1 bedroom | $1,114 | $657 | $813 |
| 2 bedroom | $1,293 | $813 | $1,015 |
| 3 bedroom | $1,663 | $1,073 | $1,325 |
| 4 bedroom | $2,085 | $1,248 | $1,521 |
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