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Multifamily Loans in
Salmon Creek, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Salmon Creek, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Salmon Creek 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Salmon Creek 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 08, 2021


Multifamily Lenders in Salmon Creek, WA

All major multifamily lender types are lending in Salmon Creek.


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 08, 2021


Salmon Creek Market

The city of Salmon Creek in Clark County has a population of 20,956. The median rent in Clark County for a 2 bedroom is $1,620. The median Salmon Creek resident is 43 years old with a yearly income of $38,861. The average family has 3.05 members and a median household income of $79,593. Salmon Creek has a 37% higher education rate. The unemployment rate in Salmon Creek is 5.5%.


Population
20,956 people

County
Clark County

Renters

27.3% of Salmon Creek households are renters.


Rent Burden

39.6% 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

Salmon Creek Demographics


Median Individual Income
$38,861 / year

Median Household Income
$79,593 / year

Families w/ Dual Incomes
54%

Unemployment Rate
5.5%
Household Income Distribution
Salmon Creek, WA

Median Age
43 years

Avg Family Size
3.05 people
Age Distribution
Salmon Creek, WA

College Education or Above
37%

STEM College Graduates
43%
Education Distribution
Salmon Creek, WA
Source: U.S. Census Bureau

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