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Multifamily Loans in
Kirkland, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Kirkland, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kirkland are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Kirkland 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 08, 2021


Multifamily Lenders in Kirkland, WA

All major multifamily lender types are lending in Kirkland.


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 08, 2021


Kirkland Market

The city of Kirkland in King County has a population of 93,010. The median rent in King County for a 2 bedroom is $2,076. The median Kirkland resident is 37 years old with a yearly income of $56,357. The average family has 2.96 members and a median household income of $117,190. Kirkland has a 61% higher education rate. The unemployment rate in Kirkland is 3.3%.


Population
93,010 people

County
King County

Renters

36.6% of Kirkland households are renters.


Rent Burden

27.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
King County 1
Washington 2
National 2
Studio $1,659 $801 $737
1 bedroom $1,741 $904 $813
2 bedroom $2,076 $1,138 $1,015
3 bedroom $2,903 $1,591 $1,325
4 bedroom $3,421 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Kirkland Demographics


Median Individual Income
$56,357 / year

Median Household Income
$117,190 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.3%
Household Income Distribution
Kirkland, WA

Median Age
37 years

Avg Family Size
2.96 people
Age Distribution
Kirkland, WA

College Education or Above
61%

STEM College Graduates
56%
Education Distribution
Kirkland, WA
Source: U.S. Census Bureau

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