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Multifamily Loans in
Lower Merion, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lower Merion, PA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lower Merion 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 Lower Merion 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 Lower Merion, PA

All major multifamily lender types are lending in Lower Merion.


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


Lower Merion Market

The city of Lower Merion in Montgomery County has a population of 59,037. The median rent in Montgomery County for a 2 bedroom is $1,358. The median Lower Merion resident is 44 years old with a yearly income of $58,468. The average family has 2.97 members and a median household income of $136,288. Lower Merion has a 79% higher education rate. The unemployment rate in Lower Merion is 3.6%.


Population
59,037 people

County
Montgomery County

Renters

26.3% of Lower Merion households are renters.


Rent Burden

28.9% 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

Lower Merion Demographics


Median Individual Income
$58,468 / year

Median Household Income
$136,288 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.6%
Household Income Distribution
Lower Merion, PA

Median Age
44 years

Avg Family Size
2.97 people
Age Distribution
Lower Merion, PA

College Education or Above
79%

STEM College Graduates
49%
Education Distribution
Lower Merion, PA
Source: U.S. Census Bureau

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