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Multifamily Loans in
Orchards, WA

Overview

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

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Orchards, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Orchards 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 12/04/2021. This is not an offer or commitment to lend. Multifamily loan rates in Orchards 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 05, 2021


Multifamily Lenders in Orchards, WA

All major multifamily lender types are lending in Orchards.


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 05, 2021


Orchards Market

The city of Orchards in Clark County has a population of 24,335. The median rent in Clark County for a 2 bedroom is $1,620. The median Orchards resident is 34 years old with a yearly income of $35,462. The average family has 3.31 members and a median household income of $73,417. Orchards has a 22% higher education rate. The unemployment rate in Orchards is 5.6%.


Population
24,335 people

County
Clark County

Renters

27.9% of Orchards households are renters.


Rent Burden

31.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Clark County 1
Washington 2
National 2
Studio $1,313 $801 $737
1 bedroom $1,404 $904 $813
2 bedroom $1,620 $1,138 $1,015
3 bedroom $2,312 $1,591 $1,325
4 bedroom $2,802 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Orchards Demographics


Median Individual Income
$35,462 / year

Median Household Income
$73,417 / year

Families w/ Dual Incomes
62%

Unemployment Rate
5.6%
Household Income Distribution
Orchards, WA

Median Age
34 years

Avg Family Size
3.31 people
Age Distribution
Orchards, WA

College Education or Above
22%

STEM College Graduates
40%
Education Distribution
Orchards, WA
Source: U.S. Census Bureau

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