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Multifamily Loans in
Pearl City, HI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Pearl City, HI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pearl City 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 Pearl City 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 Pearl City, HI

All major multifamily lender types are lending in Pearl City.


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


Pearl City Market

The city of Pearl City in Honolulu County has a population of 45,605. The median rent in Honolulu County for a 2 bedroom is $2,285. The median Pearl City resident is 42 years old with a yearly income of $40,416. The average family has 3.62 members and a median household income of $100,057. Pearl City has a 33% higher education rate. The unemployment rate in Pearl City is 2.8%.


Population
45,605 people

County
Honolulu County

Renters

30% of Pearl City households are renters.


Rent Burden

35.3% 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

Pearl City Demographics


Median Individual Income
$40,416 / year

Median Household Income
$100,057 / year

Families w/ Dual Incomes
58%

Unemployment Rate
2.8%
Household Income Distribution
Pearl City, HI

Median Age
42 years

Avg Family Size
3.62 people
Age Distribution
Pearl City, HI

College Education or Above
33%

STEM College Graduates
42%
Education Distribution
Pearl City, HI
Source: U.S. Census Bureau

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