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Multifamily Loans in
Bowling Green, KY

Overview

Bowling Green is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Bowling Green are considered greater risk due to market dynamics. Interest rates for multifamily loans in Bowling Green are higher than the national average. Bowling Green apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Bowling Green.

Get multifamily loan quotes for Feb 11, 2025


Multifamily Loan Rates in Bowling Green, KY

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

Fannie Mae®
$1M to $6M
5 Year Fixed 6.56% - 7.30%
7 Year Fixed 6.46% - 6.97%
10 Year Fixed 6.40% - 6.80%
Freddie Mac®
$1M to $6M
5 Year Fixed 5.68% - 5.92%
7 Year Fixed 5.39% - 5.63%
10 Year Fixed 5.23% - 5.47%
Fannie Mae®
$6M to $100M
5 Year Fixed 6.36% - 7.10%
7 Year Fixed 6.26% - 6.77%
10 Year Fixed 6.20% - 6.60%
Freddie Mac®
$6M to $100M
5 Year Fixed 5.70% - 5.85%
7 Year Fixed 5.71% - 5.86%
10 Year Fixed 5.71% - 5.86%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 02/10/2025. This is not an offer or commitment to lend. Multifamily loan rates in Bowling Green 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 Feb 11, 2025


Multifamily Lenders in Bowling Green, KY

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bowling Green.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Feb 11, 2025


Bowling Green Market

The city of Bowling Green in Warren County has a population of 70,543. The median rent in Warren County for a 2 bedroom is $884. The median Bowling Green resident is 27 years old with a yearly income of $20,323. The average family has 3.1 members and a median household income of $42,216. Bowling Green has a 33% higher education rate. The unemployment rate in Bowling Green is 5.5%.


Population
70,543 people

County
Warren County

Renters
61.2%

61.2% of Bowling Green households are renters.


Rent Burden
30.3%

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Warren County 1
Kentucky 2
National 2
Studio $690 $548 $737
1 bedroom $694 $605 $813
2 bedroom $884 $763 $1,015
3 bedroom $1,119 $1,011 $1,325
4 bedroom $1,490 $1,144 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bowling Green Demographics


Median Individual Income
$20,323 / year

Median Household Income
$42,216 / year

Families w/ Dual Incomes
50%

Unemployment Rate
5.5%
Household Income Distribution
Bowling Green, KY
Under 35kUnder 35k25k-35k25k-35k35k-50k35k-50k75k-100k75k-100k100k-150k100k-150k150k+150k+42.116.217.29.48.66.450.040.030.020.010.00.0
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Median Age
27 years

Avg Family Size
3.1 people
Age Distribution
Bowling Green, KY
Under 10Under 1010-1910-1920's20's30's30's40's40's50's50's60's60's70's70'sOver 80Over 8011.517.925.312.398.584.82.830.024.018.012.06.00.0
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College Education or Above
33%

STEM College Graduates
39%
Education Distribution
Bowling Green, KY
< High School< High SchoolHigh SchoolHigh SchoolSome CollegeSome CollegeBachelor'sBachelor'sGraduateGraduate14.622.630.219.213.432.024.016.08.00.0
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Source: U.S. Census Bureau

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