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Multifamily Loans in
Pleasant Prairie, WI

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Pleasant Prairie, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pleasant Prairie 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 Pleasant Prairie 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 Pleasant Prairie, WI

All major multifamily lender types are lending in Pleasant Prairie.


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


Pleasant Prairie Market

The city of Pleasant Prairie in Kenosha County has a population of 21,034. The median rent in Kenosha County for a 2 bedroom is $1,116. The median Pleasant Prairie resident is 45 years old with a yearly income of $37,587. The average family has 3.07 members and a median household income of $86,687. Pleasant Prairie has a 33% higher education rate. The unemployment rate in Pleasant Prairie is 4.9%.


Population
21,034 people

County
Kenosha County

Renters

16.8% of Pleasant Prairie households are renters.


Rent Burden

26% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kenosha County 1
Wisconsin 2
National 2
Studio $736 $595 $737
1 bedroom $847 $668 $813
2 bedroom $1,116 $856 $1,015
3 bedroom $1,448 $1,127 $1,325
4 bedroom $1,641 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pleasant Prairie Demographics


Median Individual Income
$37,587 / year

Median Household Income
$86,687 / year

Families w/ Dual Incomes
63%

Unemployment Rate
4.9%
Household Income Distribution
Pleasant Prairie, WI

Median Age
45 years

Avg Family Size
3.07 people
Age Distribution
Pleasant Prairie, WI

College Education or Above
33%

STEM College Graduates
42%
Education Distribution
Pleasant Prairie, WI
Source: U.S. Census Bureau

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