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Multifamily Loans in
Kenosha, WI

Overview

Kenosha is located in a good market for 5+ unit multifamily loans. Multifamily loans in Kenosha are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Kenosha are competitive. Kenosha 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 Kenosha.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Kenosha, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kenosha 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Kenosha 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 Kenosha, WI

All major multifamily lender types are lending in Kenosha.


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


Kenosha Market

The city of Kenosha in Kenosha County has a population of 99,944. The median rent in Kenosha County for a 2 bedroom is $1,116. The median Kenosha resident is 36 years old with a yearly income of $29,328. The average family has 3.18 members and a median household income of $55,417. Kenosha has a 25% higher education rate. The unemployment rate in Kenosha is 6.9%.


Population
99,944 people

County
Kenosha County

Renters

44.1% of Kenosha households are renters.


Rent Burden

31.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kenosha County 1
Wisconsin 2
National 2
Studio $736 $595 $737
1 bedroom $847 $668 $813
2 bedroom $1,116 $856 $1,015
3 bedroom $1,448 $1,127 $1,325
4 bedroom $1,641 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kenosha Demographics


Median Individual Income
$29,328 / year

Median Household Income
$55,417 / year

Families w/ Dual Incomes
56%

Unemployment Rate
6.9%
Household Income Distribution
Kenosha, WI

Median Age
36 years

Avg Family Size
3.18 people
Age Distribution
Kenosha, WI

College Education or Above
25%

STEM College Graduates
41%
Education Distribution
Kenosha, WI
Source: U.S. Census Bureau

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