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Multifamily Loans in
Mount Lebanon, PA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Mount Lebanon, PA

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

All major multifamily lender types are lending in Mount Lebanon.


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


Mount Lebanon Market

The city of Mount Lebanon in Allegheny County has a population of 32,303. The median rent in Allegheny County for a 2 bedroom is $1,022. The median Mount Lebanon resident is 44 years old with a yearly income of $49,669. The average family has 3.01 members and a median household income of $100,011. Mount Lebanon has a 71% higher education rate. The unemployment rate in Mount Lebanon is 2.6%.


Population
32,303 people

County
Allegheny County

Renters

27.6% of Mount Lebanon households are renters.


Rent Burden

28.8% 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

Mount Lebanon Demographics


Median Individual Income
$49,669 / year

Median Household Income
$100,011 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.6%
Household Income Distribution
Mount Lebanon, PA

Median Age
44 years

Avg Family Size
3.01 people
Age Distribution
Mount Lebanon, PA

College Education or Above
71%

STEM College Graduates
46%
Education Distribution
Mount Lebanon, PA
Source: U.S. Census Bureau

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