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Multifamily Loans in
La Crosse, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in La Crosse, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Crosse 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 3.15% - 3.40%
7 Year Fixed 3.35% - 3.80%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in La Crosse 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 02, 2021


Multifamily Lenders in La Crosse, WI

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


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 02, 2021


La Crosse Market

The city of La Crosse in La Crosse County has a population of 51,227. The median rent in La Crosse County for a 2 bedroom is $923. The median La Crosse resident is 29 years old with a yearly income of $21,944. The average family has 2.87 members and a median household income of $45,233. La Crosse has a 36% higher education rate. The unemployment rate in La Crosse is 4.3%.


Population
51,227 people

County
La Crosse County

Renters

53.9% of La Crosse households are renters.


Rent Burden

30.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
La Crosse County 1
Wisconsin 2
National 2
Studio $609 $595 $737
1 bedroom $711 $668 $813
2 bedroom $923 $856 $1,015
3 bedroom $1,285 $1,127 $1,325
4 bedroom $1,598 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

La Crosse Demographics


Median Individual Income
$21,944 / year

Median Household Income
$45,233 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.3%
Household Income Distribution
La Crosse, WI

Median Age
29 years

Avg Family Size
2.87 people
Age Distribution
La Crosse, WI

College Education or Above
36%

STEM College Graduates
44%
Education Distribution
La Crosse, WI
Source: U.S. Census Bureau

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