Bethany is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Bethany are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Bethany are some of the lowest nationally. Bethany apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Bethany.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bethany 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.22% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Bethany.
The city of Bethany in Washington County has a population of 26,501. The median rent in Washington County for a 2 bedroom is $1,620. The median Bethany resident is 38 years old with a yearly income of $63,357. The average family has 3.26 members and a median household income of $135,800. Bethany has a 70% higher education rate. The unemployment rate in Bethany is 5.9%.
27.4% of Bethany households are renters.
27.2% median household income spent on rent.
Bedrooms |
Washington County 1 |
Oregon 2 |
National 2 |
|---|---|---|---|
| Studio | $1,313 | $786 | $737 |
| 1 bedroom | $1,404 | $891 | $813 |
| 2 bedroom | $1,620 | $1,112 | $1,015 |
| 3 bedroom | $2,312 | $1,569 | $1,325 |
| 4 bedroom | $2,802 | $1,853 | $1,521 |
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