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Multifamily Loans in
Sammamish, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Sammamish, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sammamish are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
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 Sammamish 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 Sammamish, WA

All major multifamily lender types are lending in Sammamish.


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


Sammamish Market

The city of Sammamish in King County has a population of 65,892. The median rent in King County for a 2 bedroom is $2,076. The median Sammamish resident is 39 years old with a yearly income of $84,800. The average family has 3.23 members and a median household income of $174,003. Sammamish has a 75% higher education rate. The unemployment rate in Sammamish is 2.8%.


Population
65,892 people

County
King County

Renters

14.3% of Sammamish households are renters.


Rent Burden

22.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
King County 1
Washington 2
National 2
Studio $1,659 $801 $737
1 bedroom $1,741 $904 $813
2 bedroom $2,076 $1,138 $1,015
3 bedroom $2,903 $1,591 $1,325
4 bedroom $3,421 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sammamish Demographics


Median Individual Income
$84,800 / year

Median Household Income
$174,003 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.8%
Household Income Distribution
Sammamish, WA

Median Age
39 years

Avg Family Size
3.23 people
Age Distribution
Sammamish, WA

College Education or Above
75%

STEM College Graduates
61%
Education Distribution
Sammamish, WA
Source: U.S. Census Bureau

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