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.
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 | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.22% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Lake Oswego.
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%.
26.4% of Lake Oswego households are renters.
30.6% median household income spent on rent.
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 |
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