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Multifamily Loans in
Manitowoc, WI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Manitowoc, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Manitowoc 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 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Manitowoc 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 Manitowoc, WI

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


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 04, 2021


Manitowoc Market

The city of Manitowoc in Manitowoc County has a population of 32,579. The median rent in Manitowoc County for a 2 bedroom is $734. The median Manitowoc resident is 44 years old with a yearly income of $28,325. The average family has 2.87 members and a median household income of $47,861. Manitowoc has a 21% higher education rate. The unemployment rate in Manitowoc is 3.1%.


Population
32,579 people

County
Manitowoc County

Renters

33.7% of Manitowoc households are renters.


Rent Burden

25.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Manitowoc County 1
Wisconsin 2
National 2
Studio $484 $595 $737
1 bedroom $557 $668 $813
2 bedroom $734 $856 $1,015
3 bedroom $913 $1,127 $1,325
4 bedroom $1,029 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Manitowoc Demographics


Median Individual Income
$28,325 / year

Median Household Income
$47,861 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.1%
Household Income Distribution
Manitowoc, WI

Median Age
44 years

Avg Family Size
2.87 people
Age Distribution
Manitowoc, WI

College Education or Above
21%

STEM College Graduates
40%
Education Distribution
Manitowoc, WI
Source: U.S. Census Bureau

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