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Multifamily Loans in
Rolling Meadows, IL

Overview

Rolling Meadows is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Rolling Meadows are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Rolling Meadows are some of the lowest nationally. Rolling Meadows 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 Rolling Meadows.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Rolling Meadows, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rolling Meadows 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.38% - 3.62%
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 3.00% - 3.25%
7 Year Fixed 3.20% - 3.65%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Rolling Meadows 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 02, 2021


Multifamily Lenders in Rolling Meadows, IL

All major multifamily lender types are lending in Rolling Meadows.


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 02, 2021


Rolling Meadows Market

The city of Rolling Meadows in Cook County has a population of 23,532. The median rent in Cook County for a 2 bedroom is $1,417. The median Rolling Meadows resident is 38 years old with a yearly income of $38,818. The average family has 3.25 members and a median household income of $74,134. Rolling Meadows has a 38% higher education rate. The unemployment rate in Rolling Meadows is 3.5%.


Population
23,532 people

County
Cook County

Renters

31.2% of Rolling Meadows households are renters.


Rent Burden

29.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Cook County 1
Illinois 2
National 2
Studio $1,104 $599 $737
1 bedroom $1,224 $669 $813
2 bedroom $1,417 $840 $1,015
3 bedroom $1,799 $1,100 $1,325
4 bedroom $2,147 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Rolling Meadows Demographics


Median Individual Income
$38,818 / year

Median Household Income
$74,134 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.5%
Household Income Distribution
Rolling Meadows, IL

Median Age
38 years

Avg Family Size
3.25 people
Age Distribution
Rolling Meadows, IL

College Education or Above
38%

STEM College Graduates
46%
Education Distribution
Rolling Meadows, IL
Source: U.S. Census Bureau

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