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Multifamily Loans in
Bend, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Bend, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bend 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 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Bend 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 Bend, OR

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


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


Bend Market

The city of Bend in Deschutes County has a population of 100,421. The median rent in Deschutes County for a 2 bedroom is $1,354. The median Bend resident is 39 years old with a yearly income of $32,570. The average family has 2.95 members and a median household income of $65,662. Bend has a 44% higher education rate. The unemployment rate in Bend is 4.8%.


Population
100,421 people

County
Deschutes County

Renters

40% of Bend households are renters.


Rent Burden

31.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Deschutes County 1
Oregon 2
National 2
Studio $907 $786 $737
1 bedroom $1,113 $891 $813
2 bedroom $1,354 $1,112 $1,015
3 bedroom $1,938 $1,569 $1,325
4 bedroom $2,344 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bend Demographics


Median Individual Income
$32,570 / year

Median Household Income
$65,662 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.8%
Household Income Distribution
Bend, OR

Median Age
39 years

Avg Family Size
2.95 people
Age Distribution
Bend, OR

College Education or Above
44%

STEM College Graduates
46%
Education Distribution
Bend, OR
Source: U.S. Census Bureau

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