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Multifamily Loans in
Gresham, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Gresham, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gresham 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 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 Gresham 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 Gresham, OR

All major multifamily lender types are lending in Gresham.


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


Gresham Market

The city of Gresham in Multnomah County has a population of 109,381. The median rent in Multnomah County for a 2 bedroom is $1,620. The median Gresham resident is 37 years old with a yearly income of $27,781. The average family has 3.31 members and a median household income of $54,084. Gresham has a 22% higher education rate. The unemployment rate in Gresham is 6.2%.


Population
109,381 people

County
Multnomah County

Renters

45.9% of Gresham households are renters.


Rent Burden

39.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Multnomah County 1
Oregon 2
National 2
Studio $1,313 $786 $737
1 bedroom $1,404 $891 $813
2 bedroom $1,620 $1,112 $1,015
3 bedroom $2,312 $1,569 $1,325
4 bedroom $2,802 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Gresham Demographics


Median Individual Income
$27,781 / year

Median Household Income
$54,084 / year

Families w/ Dual Incomes
54%

Unemployment Rate
6.2%
Household Income Distribution
Gresham, OR

Median Age
37 years

Avg Family Size
3.31 people
Age Distribution
Gresham, OR

College Education or Above
22%

STEM College Graduates
43%
Education Distribution
Gresham, OR
Source: U.S. Census Bureau

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