Multifamily Loans in Overland Park, Kansas

Overland Park, a vibrant city in Kansas, is known for its robust multifamily housing market. This city, with its unique blend of urban sophistication and suburban comfort, is a hotspot for multifamily property investments. Our company proudly offers a comprehensive range of financing services in Overland Park, catering to all types of multifamily properties. Whether you're looking to finance a duplex, a large apartment complex, or anything in between, we have the expertise and resources to help you navigate the multifamily financing landscape in Overland Park.

Did you know that Overland Park is home to one of the largest apartment complexes in the region? This fun fact underscores the city's thriving multifamily housing sector. Our financing services are designed to support this growth and provide investors with the financial solutions they need to succeed in this market. We are committed to helping you make the most of the multifamily property opportunities in Overland Park.

Economy in Review

Overland Park's economy is diverse and resilient, contributing to its appeal as a location for multifamily property investment. According to the Bureau of Labor Statistics, the city boasts a healthy employment rate with a significant proportion of jobs in the professional and business services sector. This is complemented by a strong presence in the trade, transportation, and utilities sector. The city's economic stability is further bolstered by its thriving health care industry, which provides a steady stream of employment opportunities.

Demographic shifts in Overland Park, as reported by the U.S. Census Bureau, reveal a steady influx of residents attracted by the city's economic opportunities and quality of life. The city is also home to several higher education institutions, including the University of Kansas Edwards Campus, which attracts a diverse student population. This influx of students and professionals contributes to the demand for multifamily housing, making Overland Park a prime location for multifamily property investment. Our multifamily financing services are designed to help you capitalize on these opportunities and achieve your investment goals.

Today's Interest Rates in Overland Park

Find today's multifamily loan rates for Overland Park in the table below. These are updated every day to ensure you have the best picture of the financing terms you could get.

Please note that these are benchmark index rates only — every loan product will have a rate that varies depending on the property, the location, the borrower's financial strength and experience, and several other factors.

Our Experts

When it comes to getting a multifamily loan, the sheer number of choices can be daunting. What this really means, however, is that there are incredible opportunities for apartment complex investors regardless of location, property size, or experience level.

Multifamily Loans connects borrowers with lenders across the country who are prepared to offer you highly competitive terms. Whether you're buying, developing, or renovating an apartment building, shopping your loan to multiple lenders — not just the bank or credit union down the street — gives you a huge advantage.

Our experienced team of capital markets advisors will source the very best terms from our unparalleled network of lenders to ensure your property gets the best financing terms available. We offer this service completely free of charge.

Looking for more information about Overland Park? Read on below. Otherwise, click the button below, and we'll get right back to you with your free multifamily loan quote.

Multifamily Loans in Overland Park by Purpose

There are many reasons to get a new multifamily loan for a property. I won't cover each of these, but let's talk about the "big three" reasons to get financing: construction, acquisition, and refinancing.

Acquisition Financing for Multifamily Properties in Overland Park

Buying an apartment building is one of the most common reasons investors consider a multifamily loan. It's also one place many go wrong: Loan terms can directly impact the profitability of an acquisition in a serious way (both positively and negatively).

There are many types of loans that can be used for buying multifamily real estate — and it can be difficult to navigate all differences between Fannie Mae, Freddie Mac, bank, credit union, HUD, and the various other types of loans, but it's a critically important part of the purchasing process. Reach out to our team using the form below to see what's possible.

Construction Loans for Multifamily Properties in Overland Park

America needs housing, both on a broad level and specifically in Overland Park. Development costs these days are often eye-wateringly high, though, so getting strong financing in place is absolutely essential to ensure your project turns a profit.

Refinance a Multifamily Property in Overland Park

Most multifamily loans are only partially amortizing. This means once the loan term is up, the borrower must either pay a rather large "balloon payment" or refinance the loan.

Refinancing can be difficult — especially if you already have a great loan in place with fantastic terms. That's why it's essential to look at all your options across the board. And remember: Even if your interest rate goes up (and sometimes this is unavoidable), there's often great opportunities to boost your investment's returns with a strong refinancing loan. We'll source the best terms available for your multifamily refinance — just drop your details in the form at the bottom, and we'll get to work.

Current Multifamily Loans in Overland Park

There are a wide range of multifamily financing options in Overland Park. Keep reading to learn which loan types could be the most suitable for your property.

1. Bank and Credit Union Loans

Loans from banks and credit unions are a diverse bunch. Every institution typically has different preferences when it comes to location, property size, and risk. While it's difficult to give detailed general information about what to expect from a local, regional, or national bank or credit union, loans often require some kind of recourse and (usually) a larger down payment compared to agency loans.

2. Fannie Mae Multifamily Loans

Fannie Mae Multifamily loans offers loans in Overland Park in various sizes. These financing options offer competitive floating and fixed rates for a variety of uses. See below for the latest rates and terms. Note that the Fannie Small loan is particularly competitive for amounts under $9 million.

3. Freddie Mac Multifamily Loans

Like Fannie Mae, Freddie Mac also offers a wide range of multifamily loans. The GSE's most popular loan for smaller investors, the Freddie Mac Small Balance Loan, is a great option for those seeking non-recourse financing for amounts of under $7.5 million, and there are many other Freddie loans that cover everything from student housing to mobile home parks.

4. HUD Multifamily Loans

While you might associate HUD with affordable and Section 8 housing projects, the U.S. Department of Housing and Urban Development backs several loans in Overland Park with incredibly strong terms — and they work wonders for market-rate properties.

Take the HUD 221(d)(4) loan, for example. This construction financing is hard to beat, thanks to fully amortizing terms of 40+ years, a low, fixed rate, and high leverage allowances.

HUD's 223(f) loan is equally impressive: a great acquisition or refinancing option that offers a fixed rate, full amortization, and leverage of up to 83.3% for market-rate (and higher for affordable) properties.

5. Bridge Loans

If you're after short-term financing for a multifamily property, a bridge loan could be a great option. These loans do come at a higher cost compared to many others, but the flexibility can make it more than worth it — particularly if your property is still stabilizing.

6. CMBS Loans

Commercial mortgage-backed security loans are asset focused. That means that getting approved for one comes down to the strength of the property, not the borrower. Multifamily CMBS loans often offer leverage up to 75% for eligible properties, and the loans also are non-recourse and (often) are tied to a fixed interest rate.

If you are interested in applying for a multifamily loan in Overland Park? Put your details in the form below, and we’ll match you with the best lender for your investment strategy.

Multifamily Property Insurance in Overland Park

Hold up: This part isn't about loans, but it's just as important to your investment's success. Let's talk about insurance. Rather quickly, too — I know it's probably not your favorite topic.

Multifamily insurance costs have shot through the roof during the past couple years, though I don't need to tell you. Some places have seen increases of 200% or more, and even less-affected states and locations have seen costs rise by at least 30% to 50% in a single year.

Janover Insurance Group is dedicated to finding the best insurance solutions for your commercial real estate assets in Overland Park. Click to get a free insurance quote for your multifamily or other commercial property — there's absolutely no obligation. (And if you're in a homeowners association that could use a better HOA insurance policy, they offer great expertise here as well.)