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Multifamily Loans in
Piqua, OH

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Piqua, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Piqua 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 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Piqua 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 Nov 26, 2021


Multifamily Lenders in Piqua, OH

All major multifamily lender types are lending in Piqua.


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 Nov 26, 2021


Piqua Market

The city of Piqua in Miami County has a population of 21,332. The median rent in Miami County for a 2 bedroom is $891. The median Piqua resident is 38 years old with a yearly income of $23,354. The average family has 3.17 members and a median household income of $43,061. Piqua has a 14% higher education rate. The unemployment rate in Piqua is 6.6%.


Population
21,332 people

County
Miami County

Renters

41.1% of Piqua households are renters.


Rent Burden

25.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Miami County 1
Ohio 2
National 2
Studio $600 $597 $737
1 bedroom $689 $662 $813
2 bedroom $891 $834 $1,015
3 bedroom $1,196 $1,084 $1,325
4 bedroom $1,294 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Piqua Demographics


Median Individual Income
$23,354 / year

Median Household Income
$43,061 / year

Families w/ Dual Incomes
52%

Unemployment Rate
6.6%
Household Income Distribution
Piqua, OH

Median Age
38 years

Avg Family Size
3.17 people
Age Distribution
Piqua, OH

College Education or Above
14%

STEM College Graduates
30%
Education Distribution
Piqua, OH
Source: U.S. Census Bureau

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