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Multifamily Loans in
Golden Valley, MN

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Golden Valley, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Golden Valley 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Golden Valley 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 Golden Valley, MN

All major multifamily lender types are lending in Golden Valley.


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 04, 2021


Golden Valley Market

The city of Golden Valley in Hennepin County has a population of 21,886. The median rent in Hennepin County for a 2 bedroom is $1,410. The median Golden Valley resident is 46 years old with a yearly income of $49,494. The average family has 2.84 members and a median household income of $98,058. Golden Valley has a 60% higher education rate. The unemployment rate in Golden Valley is 2.2%.


Population
21,886 people

County
Hennepin County

Renters

26.3% of Golden Valley households are renters.


Rent Burden

39.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hennepin County 1
Minnesota 2
National 2
Studio $968 $607 $737
1 bedroom $1,136 $694 $813
2 bedroom $1,410 $881 $1,015
3 bedroom $1,982 $1,200 $1,325
4 bedroom $2,324 $1,366 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Golden Valley Demographics


Median Individual Income
$49,494 / year

Median Household Income
$98,058 / year

Families w/ Dual Incomes
63%

Unemployment Rate
2.2%
Household Income Distribution
Golden Valley, MN

Median Age
46 years

Avg Family Size
2.84 people
Age Distribution
Golden Valley, MN

College Education or Above
60%

STEM College Graduates
42%
Education Distribution
Golden Valley, MN
Source: U.S. Census Bureau

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