Loading...

Multifamily Loans in
Oakdale, MN

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Oakdale, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oakdale 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 Oakdale 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 Oakdale, MN

All major multifamily lender types are lending in Oakdale.


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


Oakdale Market

The city of Oakdale in Washington County has a population of 27,933. The median rent in Washington County for a 2 bedroom is $1,410. The median Oakdale resident is 40 years old with a yearly income of $37,834. The average family has 3.07 members and a median household income of $72,511. Oakdale has a 32% higher education rate. The unemployment rate in Oakdale is 3.8%.


Population
27,933 people

County
Washington County

Renters

24.7% of Oakdale households are renters.


Rent Burden

40.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington County 1
Minnesota 2
National 2
Studio $968 $607 $737
1 bedroom $1,136 $694 $813
2 bedroom $1,410 $881 $1,015
3 bedroom $1,982 $1,200 $1,325
4 bedroom $2,324 $1,366 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oakdale Demographics


Median Individual Income
$37,834 / year

Median Household Income
$72,511 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.8%
Household Income Distribution
Oakdale, MN

Median Age
40 years

Avg Family Size
3.07 people
Age Distribution
Oakdale, MN

College Education or Above
32%

STEM College Graduates
39%
Education Distribution
Oakdale, MN
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day