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Multifamily Loans in
Olive Branch, MS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Olive Branch, MS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Olive Branch 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Olive Branch 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 Olive Branch, MS

All major multifamily lender types are lending in Olive Branch.


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


Olive Branch Market

The city of Olive Branch in DeSoto County has a population of 38,924. The median rent in DeSoto County for a 2 bedroom is $972. The median Olive Branch resident is 38 years old with a yearly income of $33,321. The average family has 3.29 members and a median household income of $74,680. Olive Branch has a 27% higher education rate. The unemployment rate in Olive Branch is 4.3%.


Population
38,924 people

County
DeSoto County

Renters

20.9% of Olive Branch households are renters.


Rent Burden

22% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
DeSoto County 1
Mississippi 2
National 2
Studio $732 $573 $737
1 bedroom $836 $612 $813
2 bedroom $972 $754 $1,015
3 bedroom $1,311 $975 $1,325
4 bedroom $1,507 $1,111 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Olive Branch Demographics


Median Individual Income
$33,321 / year

Median Household Income
$74,680 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.3%
Household Income Distribution
Olive Branch, MS

Median Age
38 years

Avg Family Size
3.29 people
Age Distribution
Olive Branch, MS

College Education or Above
27%

STEM College Graduates
36%
Education Distribution
Olive Branch, MS
Source: U.S. Census Bureau

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