Loading...

Multifamily Loans in
Caledonia, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Caledonia, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Caledonia 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 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.68% - 3.92%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in Caledonia 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 02, 2021


Multifamily Lenders in Caledonia, WI

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


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 02, 2021


Caledonia Market

The city of Caledonia in Racine County has a population of 25,277. The median rent in Racine County for a 2 bedroom is $967. The median Caledonia resident is 46 years old with a yearly income of $38,058. The average family has 2.96 members and a median household income of $80,659. Caledonia has a 31% higher education rate. The unemployment rate in Caledonia is 3.8%.


Population
25,277 people

County
Racine County

Renters

19.5% of Caledonia households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Racine County 1
Wisconsin 2
National 2
Studio $638 $595 $737
1 bedroom $734 $668 $813
2 bedroom $967 $856 $1,015
3 bedroom $1,274 $1,127 $1,325
4 bedroom $1,392 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Caledonia Demographics


Median Individual Income
$38,058 / year

Median Household Income
$80,659 / year

Families w/ Dual Incomes
58%

Unemployment Rate
3.8%
Household Income Distribution
Caledonia, WI

Median Age
46 years

Avg Family Size
2.96 people
Age Distribution
Caledonia, WI

College Education or Above
31%

STEM College Graduates
43%
Education Distribution
Caledonia, WI
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day