Radcliff is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Radcliff are considered greater risk due to market dynamics. Interest rates for multifamily loans in Radcliff are higher than the national average. Radcliff 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 Radcliff.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Radcliff 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% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Radcliff.
The city of Radcliff in Hardin County has a population of 22,914. The median rent in Hardin County for a 2 bedroom is $886. The median Radcliff resident is 35 years old with a yearly income of $26,345. The average family has 2.99 members and a median household income of $46,105. Radcliff has a 17% higher education rate. The unemployment rate in Radcliff is 9.0%.
49.5% of Radcliff households are renters.
24.6% median household income spent on rent.
Bedrooms |
Hardin County 1 |
Kentucky 2 |
National 2 |
|---|---|---|---|
| Studio | $668 | $548 | $737 |
| 1 bedroom | $672 | $605 | $813 |
| 2 bedroom | $886 | $763 | $1,015 |
| 3 bedroom | $1,268 | $1,011 | $1,325 |
| 4 bedroom | $1,534 | $1,144 | $1,521 |
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