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Multifamily Loans in
Camas, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Camas, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Camas 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 $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 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
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 Camas 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 Camas, WA

All major multifamily lender types are lending in Camas.


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


Camas Market

The city of Camas in Clark County has a population of 24,418. The median rent in Clark County for a 2 bedroom is $1,620. The median Camas resident is 40 years old with a yearly income of $47,744. The average family has 3.16 members and a median household income of $111,584. Camas has a 53% higher education rate. The unemployment rate in Camas is 3.3%.


Population
24,418 people

County
Clark County

Renters

22.3% of Camas households are renters.


Rent Burden

27.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Clark County 1
Washington 2
National 2
Studio $1,313 $801 $737
1 bedroom $1,404 $904 $813
2 bedroom $1,620 $1,138 $1,015
3 bedroom $2,312 $1,591 $1,325
4 bedroom $2,802 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Camas Demographics


Median Individual Income
$47,744 / year

Median Household Income
$111,584 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.3%
Household Income Distribution
Camas, WA

Median Age
40 years

Avg Family Size
3.16 people
Age Distribution
Camas, WA

College Education or Above
53%

STEM College Graduates
51%
Education Distribution
Camas, WA
Source: U.S. Census Bureau

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