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Multifamily Loans in
Anchorage, AK

Overview

Anchorage is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Anchorage are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Anchorage are slightly higher than the national average. Anchorage 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 Anchorage.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Anchorage, AK

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Anchorage 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 Dec 04, 2021


Multifamily Lenders in Anchorage, AK

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


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 Dec 04, 2021


Anchorage Market

The city of Anchorage in Anchorage Municipality has a population of 288,000. The median rent in Anchorage Municipality for a 2 bedroom is $1,303. The median Anchorage resident is 34 years old with a yearly income of $38,390. The average family has 3.27 members and a median household income of $84,928. Anchorage has a 36% higher education rate. The unemployment rate in Anchorage is 5.7%.


Population
288,000 people

County
Anchorage Municipality

Renters

38.7% of Anchorage households are renters.


Rent Burden

27.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Anchorage Municipality 1
Alaska 2
National 2
Studio $937 $908 $737
1 bedroom $989 $1,012 $813
2 bedroom $1,303 $1,281 $1,015
3 bedroom $1,865 $1,685 $1,325
4 bedroom $2,256 $1,938 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Anchorage Demographics


Median Individual Income
$38,390 / year

Median Household Income
$84,928 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.7%
Household Income Distribution
Anchorage, AK

Median Age
34 years

Avg Family Size
3.27 people
Age Distribution
Anchorage, AK

College Education or Above
36%

STEM College Graduates
50%
Education Distribution
Anchorage, AK
Source: U.S. Census Bureau

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