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Multifamily Loans in
Oak Creek, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in Oak Creek, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oak Creek 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
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 Oak Creek 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 Oak Creek, WI

All major multifamily lender types are lending in Oak Creek.


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


Oak Creek Market

The city of Oak Creek in Milwaukee County has a population of 36,325. The median rent in Milwaukee County for a 2 bedroom is $1,033. The median Oak Creek resident is 40 years old with a yearly income of $42,058. The average family has 3.04 members and a median household income of $74,840. Oak Creek has a 34% higher education rate. The unemployment rate in Oak Creek is 3.1%.


Population
36,325 people

County
Milwaukee County

Renters

39.2% of Oak Creek households are renters.


Rent Burden

24.4% 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

Oak Creek Demographics


Median Individual Income
$42,058 / year

Median Household Income
$74,840 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.1%
Household Income Distribution
Oak Creek, WI

Median Age
40 years

Avg Family Size
3.04 people
Age Distribution
Oak Creek, WI

College Education or Above
34%

STEM College Graduates
47%
Education Distribution
Oak Creek, WI
Source: U.S. Census Bureau

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