Lenexa is located in a good market for 5+ unit multifamily loans. Multifamily loans in Lenexa are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Lenexa are competitive. Lenexa 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 Lenexa.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lenexa 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 | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 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 Lenexa.
The city of Lenexa in Johnson County has a population of 55,625. The median rent in Johnson County for a 2 bedroom is $1,095. The median Lenexa resident is 38 years old with a yearly income of $44,697. The average family has 3.02 members and a median household income of $87,102. Lenexa has a 56% higher education rate. The unemployment rate in Lenexa is 2.6%.
39.1% of Lenexa households are renters.
25.3% median household income spent on rent.
Bedrooms |
Johnson County 1 |
Kansas 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $581 | $737 |
| 1 bedroom | $919 | $612 | $813 |
| 2 bedroom | $1,095 | $781 | $1,015 |
| 3 bedroom | $1,463 | $1,027 | $1,325 |
| 4 bedroom | $1,665 | $1,166 | $1,521 |
We're here to help.