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Multifamily Loans in
Mililani Town, HI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Mililani Town, HI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mililani Town 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 3.28% - 3.52%
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 3.03% - 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 Mililani Town 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 Mililani Town, HI

All major multifamily lender types are lending in Mililani Town.


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


Mililani Town Market

The city of Mililani Town in Honolulu County has a population of 27,562. The median rent in Honolulu County for a 2 bedroom is $2,285. The median Mililani Town resident is 41 years old with a yearly income of $42,053. The average family has 3.52 members and a median household income of $99,460. Mililani Town has a 35% higher education rate. The unemployment rate in Mililani Town is 2.3%.


Population
27,562 people

County
Honolulu County

Renters

22.3% of Mililani Town households are renters.


Rent Burden

36.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Honolulu County 1
Hawaii 2
National 2
Studio $1,579 $1,391 $737
1 bedroom $1,738 $1,553 $813
2 bedroom $2,285 $1,987 $1,015
3 bedroom $3,270 $2,739 $1,325
4 bedroom $3,956 $3,158 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mililani Town Demographics


Median Individual Income
$42,053 / year

Median Household Income
$99,460 / year

Families w/ Dual Incomes
58%

Unemployment Rate
2.3%
Household Income Distribution
Mililani Town, HI

Median Age
41 years

Avg Family Size
3.52 people
Age Distribution
Mililani Town, HI

College Education or Above
35%

STEM College Graduates
44%
Education Distribution
Mililani Town, HI
Source: U.S. Census Bureau

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