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Multifamily Loans in
Mehlville, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Mehlville, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mehlville 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Mehlville 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 04, 2021


Multifamily Lenders in Mehlville, MO

All major multifamily lender types are lending in Mehlville.


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 04, 2021


Mehlville Market

The city of Mehlville in St. Louis County has a population of 27,971. The median rent in St. Louis County for a 2 bedroom is $1,005. The median Mehlville resident is 42 years old with a yearly income of $31,450. The average family has 2.76 members and a median household income of $58,125. Mehlville has a 32% higher education rate. The unemployment rate in Mehlville is 3.4%.


Population
27,971 people

County
St. Louis County

Renters

35.5% of Mehlville households are renters.


Rent Burden

23.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Louis County 1
Missouri 2
National 2
Studio $719 $535 $737
1 bedroom $783 $594 $813
2 bedroom $1,005 $761 $1,015
3 bedroom $1,311 $1,010 $1,325
4 bedroom $1,543 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mehlville Demographics


Median Individual Income
$31,450 / year

Median Household Income
$58,125 / year

Families w/ Dual Incomes
51%

Unemployment Rate
3.4%
Household Income Distribution
Mehlville, MO

Median Age
42 years

Avg Family Size
2.76 people
Age Distribution
Mehlville, MO

College Education or Above
32%

STEM College Graduates
37%
Education Distribution
Mehlville, MO
Source: U.S. Census Bureau

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