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Multifamily Loans in
Mccandless, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Mccandless, PA

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

All major multifamily lender types are lending in Mccandless.


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


Mccandless Market

The city of Mccandless in Allegheny County has a population of 28,471. The median rent in Allegheny County for a 2 bedroom is $1,022. The median Mccandless resident is 44 years old with a yearly income of $42,965. The average family has 2.92 members and a median household income of $86,221. Mccandless has a 57% higher education rate. The unemployment rate in Mccandless is 3.2%.


Population
28,471 people

County
Allegheny County

Renters

24.6% of Mccandless households are renters.


Rent Burden

28.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Allegheny County 1
Pennsylvania 2
National 2
Studio $776 $680 $737
1 bedroom $839 $747 $813
2 bedroom $1,022 $929 $1,015
3 bedroom $1,311 $1,198 $1,325
4 bedroom $1,436 $1,330 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mccandless Demographics


Median Individual Income
$42,965 / year

Median Household Income
$86,221 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.2%
Household Income Distribution
Mccandless, PA

Median Age
44 years

Avg Family Size
2.92 people
Age Distribution
Mccandless, PA

College Education or Above
57%

STEM College Graduates
45%
Education Distribution
Mccandless, PA
Source: U.S. Census Bureau

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