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Multifamily Loans in
Mason, OH

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Mason, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mason 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 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Mason 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 Nov 26, 2021


Multifamily Lenders in Mason, OH

All major multifamily lender types are lending in Mason.


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 Nov 26, 2021


Mason Market

The city of Mason in Warren County has a population of 33,870. The median rent in Warren County for a 2 bedroom is $989. The median Mason resident is 42 years old with a yearly income of $44,660. The average family has 3.11 members and a median household income of $100,594. Mason has a 59% higher education rate. The unemployment rate in Mason is 2.1%.


Population
33,870 people

County
Warren County

Renters

21.5% of Mason households are renters.


Rent Burden

22.6% 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

Mason Demographics


Median Individual Income
$44,660 / year

Median Household Income
$100,594 / year

Families w/ Dual Incomes
64%

Unemployment Rate
2.1%
Household Income Distribution
Mason, OH

Median Age
42 years

Avg Family Size
3.11 people
Age Distribution
Mason, OH

College Education or Above
59%

STEM College Graduates
42%
Education Distribution
Mason, OH
Source: U.S. Census Bureau

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