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Multifamily Loans in
Trotwood, OH

Overview

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

Get multifamily loan quotes for Nov 26, 2021


Multifamily Loan Rates in Trotwood, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Trotwood 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 3.24% - 3.49%
7 Year Fixed 3.48% - 3.93%
10 Year Fixed 3.44% - 3.84%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 11/25/2021. This is not an offer or commitment to lend. Multifamily loan rates in Trotwood 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 Nov 26, 2021


Multifamily Lenders in Trotwood, OH

All major multifamily lender types are lending in Trotwood.


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 Nov 26, 2021


Trotwood Market

The city of Trotwood in Montgomery County has a population of 24,403. The median rent in Montgomery County for a 2 bedroom is $891. The median Trotwood resident is 43 years old with a yearly income of $22,400. The average family has 2.92 members and a median household income of $36,778. Trotwood has a 16% higher education rate. The unemployment rate in Trotwood is 9.8%.


Population
24,403 people

County
Montgomery County

Renters

46.6% of Trotwood households are renters.


Rent Burden

36% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Montgomery County 1
Ohio 2
National 2
Studio $600 $597 $737
1 bedroom $689 $662 $813
2 bedroom $891 $834 $1,015
3 bedroom $1,196 $1,084 $1,325
4 bedroom $1,294 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Trotwood Demographics


Median Individual Income
$22,400 / year

Median Household Income
$36,778 / year

Families w/ Dual Incomes
39%

Unemployment Rate
9.8%
Household Income Distribution
Trotwood, OH

Median Age
43 years

Avg Family Size
2.92 people
Age Distribution
Trotwood, OH

College Education or Above
16%

STEM College Graduates
30%
Education Distribution
Trotwood, OH
Source: U.S. Census Bureau

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