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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bend 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.24% - 5.48% |
| 10 Year Fixed | 5.28% - 5.52% |
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 Bend.
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%.
40% of Bend households are renters.
31.9% median household income spent on rent.
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 |
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