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Multifamily Loans in
Oakville, MO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Oakville, MO

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

All major multifamily lender types are lending in Oakville.


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


Oakville Market

The city of Oakville in St. Louis County has a population of 36,407. The median rent in St. Louis County for a 2 bedroom is $1,005. The median Oakville resident is 45 years old with a yearly income of $40,478. The average family has 2.99 members and a median household income of $85,972. Oakville has a 41% higher education rate. The unemployment rate in Oakville is 1.9%.


Population
36,407 people

County
St. Louis County

Renters

13.5% of Oakville households are renters.


Rent Burden

25.4% 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

Oakville Demographics


Median Individual Income
$40,478 / year

Median Household Income
$85,972 / year

Families w/ Dual Incomes
58%

Unemployment Rate
1.9%
Household Income Distribution
Oakville, MO

Median Age
45 years

Avg Family Size
2.99 people
Age Distribution
Oakville, MO

College Education or Above
41%

STEM College Graduates
38%
Education Distribution
Oakville, MO
Source: U.S. Census Bureau

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