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Multifamily Loans in
Madison, WI

Overview

Madison is located in a good market for 5+ unit multifamily loans. Multifamily loans in Madison are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Madison are competitive. Madison 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 Madison.

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Madison, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Madison 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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 3.05% - 3.30%
7 Year Fixed 3.25% - 3.70%
10 Year Fixed 3.25% - 3.65%
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 Madison 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 Madison, WI

All major multifamily lender types are lending in Madison.


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 02, 2021


Madison Market

The city of Madison in Dane County has a population of 259,680. The median rent in Dane County for a 2 bedroom is $1,306. The median Madison resident is 31 years old with a yearly income of $32,949. The average family has 2.87 members and a median household income of $65,332. Madison has a 58% higher education rate. The unemployment rate in Madison is 3.1%.


Population
259,680 people

County
Dane County

Renters

53% of Madison households are renters.


Rent Burden

31.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dane County 1
Wisconsin 2
National 2
Studio $958 $595 $737
1 bedroom $1,121 $668 $813
2 bedroom $1,306 $856 $1,015
3 bedroom $1,770 $1,127 $1,325
4 bedroom $2,119 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Madison Demographics


Median Individual Income
$32,949 / year

Median Household Income
$65,332 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.1%
Household Income Distribution
Madison, WI

Median Age
31 years

Avg Family Size
2.87 people
Age Distribution
Madison, WI

College Education or Above
58%

STEM College Graduates
54%
Education Distribution
Madison, WI
Source: U.S. Census Bureau

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