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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.63% - 6.87% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Pearl City.
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%.
30% of Pearl City households are renters.
35.3% median household income spent on rent.
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 |
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