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Multifamily Loans in
Shoreline, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Shoreline, WA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shoreline 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 Shoreline 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 Shoreline, WA

All major multifamily lender types are lending in Shoreline.


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


Shoreline Market

The city of Shoreline in King County has a population of 57,027. The median rent in King County for a 2 bedroom is $2,076. The median Shoreline resident is 42 years old with a yearly income of $40,630. The average family has 3.01 members and a median household income of $86,827. Shoreline has a 49% higher education rate. The unemployment rate in Shoreline is 3.8%.


Population
57,027 people

County
King County

Renters

36.3% of Shoreline households are renters.


Rent Burden

34.3% 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

Shoreline Demographics


Median Individual Income
$40,630 / year

Median Household Income
$86,827 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.8%
Household Income Distribution
Shoreline, WA

Median Age
42 years

Avg Family Size
3.01 people
Age Distribution
Shoreline, WA

College Education or Above
49%

STEM College Graduates
49%
Education Distribution
Shoreline, WA
Source: U.S. Census Bureau

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