Lincoln is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Lincoln are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Lincoln are slightly higher than the national average. Lincoln apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Lincoln.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lincoln 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Lincoln.
The city of Lincoln in Lancaster County has a population of 289,102. The median rent in Lancaster County for a 2 bedroom is $940. The median Lincoln resident is 33 years old with a yearly income of $30,695. The average family has 3.04 members and a median household income of $57,746. Lincoln has a 40% higher education rate. The unemployment rate in Lincoln is 3.4%.
43% of Lincoln households are renters.
28.3% median household income spent on rent.
Bedrooms |
Lancaster County 1 |
Nebraska 2 |
National 2 |
|---|---|---|---|
| Studio | $664 | $526 | $737 |
| 1 bedroom | $724 | $616 | $813 |
| 2 bedroom | $940 | $786 | $1,015 |
| 3 bedroom | $1,307 | $1,024 | $1,325 |
| 4 bedroom | $1,575 | $1,140 | $1,521 |
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