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Multifamily Loans in
Milwaukie, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Milwaukie, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Milwaukie 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 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Milwaukie 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 Milwaukie, OR

All major multifamily lender types are lending in Milwaukie.


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


Milwaukie Market

The city of Milwaukie in Clackamas County has a population of 20,990. The median rent in Clackamas County for a 2 bedroom is $1,620. The median Milwaukie resident is 40 years old with a yearly income of $34,119. The average family has 2.84 members and a median household income of $61,902. Milwaukie has a 36% higher education rate. The unemployment rate in Milwaukie is 4.1%.


Population
20,990 people

County
Clackamas County

Renters

41.2% of Milwaukie households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Milwaukie Demographics


Median Individual Income
$34,119 / year

Median Household Income
$61,902 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.1%
Household Income Distribution
Milwaukie, OR

Median Age
40 years

Avg Family Size
2.84 people
Age Distribution
Milwaukie, OR

College Education or Above
36%

STEM College Graduates
47%
Education Distribution
Milwaukie, OR
Source: U.S. Census Bureau

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