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Multifamily Loans in
Milwaukee, WI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Milwaukee, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Milwaukee 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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Milwaukee 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 Milwaukee, WI

All major multifamily lender types are lending in Milwaukee.


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


Milwaukee Market

The city of Milwaukee in Milwaukee County has a population of 590,157. The median rent in Milwaukee County for a 2 bedroom is $1,033. The median Milwaukee resident is 32 years old with a yearly income of $25,266. The average family has 3.38 members and a median household income of $41,838. Milwaukee has a 25% higher education rate. The unemployment rate in Milwaukee is 6.8%.


Population
590,157 people

County
Milwaukee County

Renters

58.6% of Milwaukee households are renters.


Rent Burden

33.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Milwaukee County 1
Wisconsin 2
National 2
Studio $704 $595 $737
1 bedroom $853 $668 $813
2 bedroom $1,033 $856 $1,015
3 bedroom $1,319 $1,127 $1,325
4 bedroom $1,446 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Milwaukee Demographics


Median Individual Income
$25,266 / year

Median Household Income
$41,838 / year

Families w/ Dual Incomes
45%

Unemployment Rate
6.8%
Household Income Distribution
Milwaukee, WI

Median Age
32 years

Avg Family Size
3.38 people
Age Distribution
Milwaukee, WI

College Education or Above
25%

STEM College Graduates
39%
Education Distribution
Milwaukee, WI
Source: U.S. Census Bureau

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