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Multifamily Loans in
Yorkville, IL

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Yorkville, IL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Yorkville 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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
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 Yorkville 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 Yorkville, IL

All major multifamily lender types are lending in Yorkville.


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


Yorkville Market

The city of Yorkville in Kendall County has a population of 20,613. The median rent in Kendall County for a 2 bedroom is $1,439. The median Yorkville resident is 33 years old with a yearly income of $41,984. The average family has 3.36 members and a median household income of $97,610. Yorkville has a 34% higher education rate. The unemployment rate in Yorkville is 5.3%.


Population
20,613 people

County
Kendall County

Renters

25.3% of Yorkville households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kendall County 1
Illinois 2
National 2
Studio $1,085 $599 $737
1 bedroom $1,092 $669 $813
2 bedroom $1,439 $840 $1,015
3 bedroom $2,059 $1,100 $1,325
4 bedroom $2,178 $1,238 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Yorkville Demographics


Median Individual Income
$41,984 / year

Median Household Income
$97,610 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.3%
Household Income Distribution
Yorkville, IL

Median Age
33 years

Avg Family Size
3.36 people
Age Distribution
Yorkville, IL

College Education or Above
34%

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

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