Coeur D'alene is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Coeur D'alene are considered greater risk due to market dynamics. Interest rates for multifamily loans in Coeur D'alene are higher than the national average. Coeur D'alene 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 Coeur D'alene.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Coeur D'alene are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Coeur D'alene.
The city of Coeur D'alene in Kootenai County has a population of 52,414. The median rent in Kootenai County for a 2 bedroom is $1,009. The median Coeur D'alene resident is 37 years old with a yearly income of $27,178. The average family has 2.94 members and a median household income of $51,073. Coeur D'alene has a 27% higher education rate. The unemployment rate in Coeur D'alene is 4.1%.
47.9% of Coeur D'alene households are renters.
29.9% median household income spent on rent.
Bedrooms |
Kootenai County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $724 | $622 | $737 |
| 1 bedroom | $805 | $673 | $813 |
| 2 bedroom | $1,009 | $863 | $1,015 |
| 3 bedroom | $1,444 | $1,204 | $1,325 |
| 4 bedroom | $1,747 | $1,409 | $1,521 |
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