Loading...

Multifamily Loans in
Lacey, WA

Overview

Lacey is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Lacey are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Lacey are slightly higher than the national average. Lacey apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Lacey.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lacey, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lacey 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 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Lacey 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 Lacey, WA

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


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 08, 2021


Lacey Market

The city of Lacey in Thurston County has a population of 52,592. The median rent in Thurston County for a 2 bedroom is $1,324. The median Lacey resident is 35 years old with a yearly income of $35,654. The average family has 3.03 members and a median household income of $67,687. Lacey has a 34% higher education rate. The unemployment rate in Lacey is 5.9%.


Population
52,592 people

County
Thurston County

Renters

44.6% of Lacey households are renters.


Rent Burden

31.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Thurston County 1
Washington 2
National 2
Studio $1,089 $801 $737
1 bedroom $1,095 $904 $813
2 bedroom $1,324 $1,138 $1,015
3 bedroom $1,895 $1,591 $1,325
4 bedroom $2,292 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lacey Demographics


Median Individual Income
$35,654 / year

Median Household Income
$67,687 / year

Families w/ Dual Incomes
48%

Unemployment Rate
5.9%
Household Income Distribution
Lacey, WA

Median Age
35 years

Avg Family Size
3.03 people
Age Distribution
Lacey, WA

College Education or Above
34%

STEM College Graduates
46%
Education Distribution
Lacey, WA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day