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Multifamily Loans in
Round Lake Beach, IL

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Round Lake Beach, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Round Lake Beach 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 Round Lake Beach 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 Round Lake Beach, IL

All major multifamily lender types are lending in Round Lake Beach.


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


Round Lake Beach Market

The city of Round Lake Beach in Lake County has a population of 27,100. The median rent in Lake County for a 2 bedroom is $1,417. The median Round Lake Beach resident is 33 years old with a yearly income of $28,615. The average family has 3.79 members and a median household income of $70,474. Round Lake Beach has a 18% higher education rate. The unemployment rate in Round Lake Beach is 4.9%.


Population
27,100 people

County
Lake County

Renters

24.6% of Round Lake Beach households are renters.


Rent Burden

38.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lake 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

Round Lake Beach Demographics


Median Individual Income
$28,615 / year

Median Household Income
$70,474 / year

Families w/ Dual Incomes
67%

Unemployment Rate
4.9%
Household Income Distribution
Round Lake Beach, IL

Median Age
33 years

Avg Family Size
3.79 people
Age Distribution
Round Lake Beach, IL

College Education or Above
18%

STEM College Graduates
45%
Education Distribution
Round Lake Beach, IL
Source: U.S. Census Bureau

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