Portland is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Portland are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Portland are some of the lowest nationally. Portland 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 Portland.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Portland are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.22% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Portland.
The city of Portland in Multnomah County has a population of 654,741. The median rent in Multnomah County for a 2 bedroom is $1,620. The median Portland resident is 37 years old with a yearly income of $35,459. The average family has 3.02 members and a median household income of $71,005. Portland has a 51% higher education rate. The unemployment rate in Portland is 4.8%.
46.6% of Portland households are renters.
31.7% median household income spent on rent.
Bedrooms |
Multnomah 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 |
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