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Multifamily Loans in
Eau Claire, WI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Eau Claire, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Eau Claire 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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Eau Claire 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 04, 2021


Multifamily Lenders in Eau Claire, WI

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


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 04, 2021


Eau Claire Market

The city of Eau Claire in Eau Claire County has a population of 68,802. The median rent in Eau Claire County for a 2 bedroom is $924. The median Eau Claire resident is 32 years old with a yearly income of $26,639. The average family has 2.97 members and a median household income of $55,477. Eau Claire has a 34% higher education rate. The unemployment rate in Eau Claire is 4.0%.


Population
68,802 people

County
Eau Claire County

Renters

43.4% of Eau Claire households are renters.


Rent Burden

29% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Eau Claire County 1
Wisconsin 2
National 2
Studio $610 $595 $737
1 bedroom $701 $668 $813
2 bedroom $924 $856 $1,015
3 bedroom $1,254 $1,127 $1,325
4 bedroom $1,441 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Eau Claire Demographics


Median Individual Income
$26,639 / year

Median Household Income
$55,477 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.0%
Household Income Distribution
Eau Claire, WI

Median Age
32 years

Avg Family Size
2.97 people
Age Distribution
Eau Claire, WI

College Education or Above
34%

STEM College Graduates
40%
Education Distribution
Eau Claire, WI
Source: U.S. Census Bureau

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