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Multifamily Loans in
South Holland, IL

Overview

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

Get multifamily loan quotes for Apr 19, 2024


Multifamily Loan Rates in South Holland, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Holland are:

Fannie Mae®
$1M to $6M
5 Year Fixed 6.71% - 7.45%
7 Year Fixed 6.66% - 7.17%
10 Year Fixed 6.64% - 7.04%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 6.07% - 6.31%
7 Year Fixed 6.18% - 6.42%
10 Year Fixed 6.19% - 6.43%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.51% - 7.25%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.44% - 6.84%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 5.44% - 5.54%
7 Year Fixed 5.49% - 5.59%
10 Year Fixed 5.47% - 5.57%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 04/18/2024. This is not an offer or commitment to lend. Multifamily loan rates in South Holland 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 Apr 19, 2024


Multifamily Lenders in South Holland, IL

All major multifamily lender types are lending in South Holland.


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 Apr 19, 2024


South Holland Market

The city of South Holland in Cook County has a population of 21,296. The median rent in Cook County for a 2 bedroom is $1,417. The median South Holland resident is 39 years old with a yearly income of $30,152. The average family has 3.61 members and a median household income of $63,170. South Holland has a 28% higher education rate. The unemployment rate in South Holland is 12.6%.


Population
21,296 people

County
Cook County

Renters

15.9% of South Holland households are renters.


Rent Burden

46.5% 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

South Holland Demographics


Median Individual Income
$30,152 / year

Median Household Income
$63,170 / year

Families w/ Dual Incomes
54%

Unemployment Rate
12.6%
Household Income Distribution
South Holland, IL

Median Age
39 years

Avg Family Size
3.61 people
Age Distribution
South Holland, IL

College Education or Above
28%

STEM College Graduates
40%
Education Distribution
South Holland, IL
Source: U.S. Census Bureau

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