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Multifamily Loans in
Maple Heights, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Maple Heights, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Maple Heights 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 Maple Heights 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 Maple Heights, OH

All major multifamily lender types are lending in Maple Heights.


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


Maple Heights Market

The city of Maple Heights in Cuyahoga County has a population of 22,078. The median rent in Cuyahoga County for a 2 bedroom is $925. The median Maple Heights resident is 38 years old with a yearly income of $25,626. The average family has 3.15 members and a median household income of $42,805. Maple Heights has a 15% higher education rate. The unemployment rate in Maple Heights is 9.2%.


Population
22,078 people

County
Cuyahoga County

Renters

41.5% of Maple Heights households are renters.


Rent Burden

32.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cuyahoga County 1
Ohio 2
National 2
Studio $640 $597 $737
1 bedroom $754 $662 $813
2 bedroom $925 $834 $1,015
3 bedroom $1,216 $1,084 $1,325
4 bedroom $1,271 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Maple Heights Demographics


Median Individual Income
$25,626 / year

Median Household Income
$42,805 / year

Families w/ Dual Incomes
46%

Unemployment Rate
9.2%
Household Income Distribution
Maple Heights, OH

Median Age
38 years

Avg Family Size
3.15 people
Age Distribution
Maple Heights, OH

College Education or Above
15%

STEM College Graduates
36%
Education Distribution
Maple Heights, OH
Source: U.S. Census Bureau

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