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Multifamily Loans in
Streamwood, IL

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Streamwood, IL

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

All major multifamily lender types are lending in Streamwood.


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


Streamwood Market

The city of Streamwood in Cook County has a population of 39,228. The median rent in Cook County for a 2 bedroom is $1,417. The median Streamwood resident is 39 years old with a yearly income of $33,170. The average family has 3.53 members and a median household income of $80,651. Streamwood has a 28% higher education rate. The unemployment rate in Streamwood is 3.6%.


Population
39,228 people

County
Cook County

Renters

17% of Streamwood households are renters.


Rent Burden

29.9% 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

Streamwood Demographics


Median Individual Income
$33,170 / year

Median Household Income
$80,651 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.6%
Household Income Distribution
Streamwood, IL

Median Age
39 years

Avg Family Size
3.53 people
Age Distribution
Streamwood, IL

College Education or Above
28%

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

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