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Multifamily Loans in
Lake Oswego, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Lake Oswego, OR

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

All major multifamily lender types are lending in Lake Oswego.


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


Lake Oswego Market

The city of Lake Oswego in Clackamas County has a population of 39,822. The median rent in Clackamas County for a 2 bedroom is $1,620. The median Lake Oswego resident is 47 years old with a yearly income of $53,636. The average family has 2.89 members and a median household income of $108,927. Lake Oswego has a 71% higher education rate. The unemployment rate in Lake Oswego is 3.9%.


Population
39,822 people

County
Clackamas County

Renters

26.4% of Lake Oswego households are renters.


Rent Burden

30.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Clackamas 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

Lake Oswego Demographics


Median Individual Income
$53,636 / year

Median Household Income
$108,927 / year

Families w/ Dual Incomes
55%

Unemployment Rate
3.9%
Household Income Distribution
Lake Oswego, OR

Median Age
47 years

Avg Family Size
2.89 people
Age Distribution
Lake Oswego, OR

College Education or Above
71%

STEM College Graduates
49%
Education Distribution
Lake Oswego, OR
Source: U.S. Census Bureau

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