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Multifamily Loans in
Overland Park, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Overland Park, KS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Overland Park 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 3.16% - 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 Overland Park 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 Overland Park, KS

All major multifamily lender types are lending in Overland Park.


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


Overland Park Market

The city of Overland Park in Johnson County has a population of 195,494. The median rent in Johnson County for a 2 bedroom is $1,095. The median Overland Park resident is 38 years old with a yearly income of $44,835. The average family has 3.07 members and a median household income of $86,487. Overland Park has a 62% higher education rate. The unemployment rate in Overland Park is 3.0%.


Population
195,494 people

County
Johnson County

Renters

36.6% of Overland Park households are renters.


Rent Burden

24.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Johnson County 1
Kansas 2
National 2
Studio $784 $581 $737
1 bedroom $919 $612 $813
2 bedroom $1,095 $781 $1,015
3 bedroom $1,463 $1,027 $1,325
4 bedroom $1,665 $1,166 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Overland Park Demographics


Median Individual Income
$44,835 / year

Median Household Income
$86,487 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.0%
Household Income Distribution
Overland Park, KS

Median Age
38 years

Avg Family Size
3.07 people
Age Distribution
Overland Park, KS

College Education or Above
62%

STEM College Graduates
42%
Education Distribution
Overland Park, KS
Source: U.S. Census Bureau

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