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Multifamily Loans in
Bonney Lake, WA

Overview

Bonney Lake is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Bonney Lake are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Bonney Lake are some of the lowest nationally. Bonney Lake 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 Bonney Lake.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bonney Lake, WA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bonney Lake 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 08, 2021


Multifamily Lenders in Bonney Lake, WA

All major multifamily lender types are lending in Bonney Lake.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Bonney Lake Market

The city of Bonney Lake in Pierce County has a population of 21,148. The median rent in Pierce County for a 2 bedroom is $1,572. The median Bonney Lake resident is 35 years old with a yearly income of $44,112. The average family has 3.27 members and a median household income of $97,055. Bonney Lake has a 26% higher education rate. The unemployment rate in Bonney Lake is 2.3%.


Population
21,148 people

County
Pierce County

Renters

19.3% of Bonney Lake households are renters.


Rent Burden

29.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pierce County 1
Washington 2
National 2
Studio $1,088 $801 $737
1 bedroom $1,212 $904 $813
2 bedroom $1,572 $1,138 $1,015
3 bedroom $2,250 $1,591 $1,325
4 bedroom $2,722 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bonney Lake Demographics


Median Individual Income
$44,112 / year

Median Household Income
$97,055 / year

Families w/ Dual Incomes
61%

Unemployment Rate
2.3%
Household Income Distribution
Bonney Lake, WA

Median Age
35 years

Avg Family Size
3.27 people
Age Distribution
Bonney Lake, WA

College Education or Above
26%

STEM College Graduates
46%
Education Distribution
Bonney Lake, WA
Source: U.S. Census Bureau

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