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Multifamily Loans in
Ramsey, MN

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Ramsey, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ramsey 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
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 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Ramsey 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 Ramsey, MN

All major multifamily lender types are lending in Ramsey.


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


Ramsey Market

The city of Ramsey in Anoka County has a population of 27,721. The median rent in Anoka County for a 2 bedroom is $1,410. The median Ramsey resident is 36 years old with a yearly income of $43,499. The average family has 3.3 members and a median household income of $95,014. Ramsey has a 29% higher education rate. The unemployment rate in Ramsey is 2.7%.


Population
27,721 people

County
Anoka County

Renters

14.7% of Ramsey households are renters.


Rent Burden

25.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Anoka 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

Ramsey Demographics


Median Individual Income
$43,499 / year

Median Household Income
$95,014 / year

Families w/ Dual Incomes
73%

Unemployment Rate
2.7%
Household Income Distribution
Ramsey, MN

Median Age
36 years

Avg Family Size
3.3 people
Age Distribution
Ramsey, MN

College Education or Above
29%

STEM College Graduates
42%
Education Distribution
Ramsey, MN
Source: U.S. Census Bureau

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