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Multifamily Loans in
Reynoldsburg, OH

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Reynoldsburg, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Reynoldsburg 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 Reynoldsburg 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 Reynoldsburg, OH

All major multifamily lender types are lending in Reynoldsburg.


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


Reynoldsburg Market

The city of Reynoldsburg in Franklin County has a population of 38,327. The median rent in Franklin County for a 2 bedroom is $1,105. The median Reynoldsburg resident is 37 years old with a yearly income of $34,043. The average family has 3.23 members and a median household income of $67,120. Reynoldsburg has a 31% higher education rate. The unemployment rate in Reynoldsburg is 4.6%.


Population
38,327 people

County
Franklin County

Renters

37.3% of Reynoldsburg households are renters.


Rent Burden

28.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Franklin County 1
Ohio 2
National 2
Studio $768 $597 $737
1 bedroom $886 $662 $813
2 bedroom $1,105 $834 $1,015
3 bedroom $1,391 $1,084 $1,325
4 bedroom $1,574 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Reynoldsburg Demographics


Median Individual Income
$34,043 / year

Median Household Income
$67,120 / year

Families w/ Dual Incomes
60%

Unemployment Rate
4.6%
Household Income Distribution
Reynoldsburg, OH

Median Age
37 years

Avg Family Size
3.23 people
Age Distribution
Reynoldsburg, OH

College Education or Above
31%

STEM College Graduates
41%
Education Distribution
Reynoldsburg, OH
Source: U.S. Census Bureau

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