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Multifamily Loans in
Martha Lake, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Martha Lake, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Martha Lake are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Martha Lake 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 Martha Lake, WA

All major multifamily lender types are lending in Martha Lake.


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 08, 2021


Martha Lake Market

The city of Martha Lake in Snohomish County has a population of 21,129. The median rent in Snohomish County for a 2 bedroom is $2,076. The median Martha Lake resident is 34 years old with a yearly income of $42,843. The average family has 3.27 members and a median household income of $102,316. Martha Lake has a 41% higher education rate. The unemployment rate in Martha Lake is 3.6%.


Population
21,129 people

County
Snohomish County

Renters

31.6% of Martha Lake households are renters.


Rent Burden

33.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Snohomish County 1
Washington 2
National 2
Studio $1,659 $801 $737
1 bedroom $1,741 $904 $813
2 bedroom $2,076 $1,138 $1,015
3 bedroom $2,903 $1,591 $1,325
4 bedroom $3,421 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Martha Lake Demographics


Median Individual Income
$42,843 / year

Median Household Income
$102,316 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.6%
Household Income Distribution
Martha Lake, WA

Median Age
34 years

Avg Family Size
3.27 people
Age Distribution
Martha Lake, WA

College Education or Above
41%

STEM College Graduates
56%
Education Distribution
Martha Lake, WA
Source: U.S. Census Bureau

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