Loading...

Multifamily Loans in
Prairie Village, KS

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Prairie Village, KS

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Prairie Village 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 3.17% - 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 Prairie Village 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 Prairie Village, KS

All major multifamily lender types are lending in Prairie Village.


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


Prairie Village Market

The city of Prairie Village in Johnson County has a population of 22,295. The median rent in Johnson County for a 2 bedroom is $1,095. The median Prairie Village resident is 39 years old with a yearly income of $50,545. The average family has 2.91 members and a median household income of $91,136. Prairie Village has a 74% higher education rate. The unemployment rate in Prairie Village is 2.5%.


Population
22,295 people

County
Johnson County

Renters

22.8% of Prairie Village households are renters.


Rent Burden

25.4% 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

Prairie Village Demographics


Median Individual Income
$50,545 / year

Median Household Income
$91,136 / year

Families w/ Dual Incomes
62%

Unemployment Rate
2.5%
Household Income Distribution
Prairie Village, KS

Median Age
39 years

Avg Family Size
2.91 people
Age Distribution
Prairie Village, KS

College Education or Above
74%

STEM College Graduates
38%
Education Distribution
Prairie Village, KS
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day