Grandview is located in a good market for 5+ unit multifamily loans. Multifamily loans in Grandview are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Grandview are competitive. Grandview 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 Grandview.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Grandview 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Grandview.
The city of Grandview in Jackson County has a population of 24,856. The median rent in Jackson County for a 2 bedroom is $1,095. The median Grandview resident is 34 years old with a yearly income of $29,113. The average family has 3.2 members and a median household income of $47,103. Grandview has a 19% higher education rate. The unemployment rate in Grandview is 4.7%.
50.8% of Grandview households are renters.
28.5% median household income spent on rent.
Bedrooms |
Jackson County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $535 | $737 |
| 1 bedroom | $919 | $594 | $813 |
| 2 bedroom | $1,095 | $761 | $1,015 |
| 3 bedroom | $1,463 | $1,010 | $1,325 |
| 4 bedroom | $1,665 | $1,155 | $1,521 |
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