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Multifamily Loans in
South Hill, WA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in South Hill, WA

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

All major multifamily lender types are lending in South Hill.


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


South Hill Market

The city of South Hill in Pierce County has a population of 60,172. The median rent in Pierce County for a 2 bedroom is $1,572. The median South Hill resident is 35 years old with a yearly income of $40,599. The average family has 3.4 members and a median household income of $86,568. South Hill has a 28% higher education rate. The unemployment rate in South Hill is 6.0%.


Population
60,172 people

County
Pierce County

Renters

25.9% of South Hill households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pierce County 1
Washington 2
National 2
Studio $1,088 $801 $737
1 bedroom $1,212 $904 $813
2 bedroom $1,572 $1,138 $1,015
3 bedroom $2,250 $1,591 $1,325
4 bedroom $2,722 $1,874 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Hill Demographics


Median Individual Income
$40,599 / year

Median Household Income
$86,568 / year

Families w/ Dual Incomes
59%

Unemployment Rate
6.0%
Household Income Distribution
South Hill, WA

Median Age
35 years

Avg Family Size
3.4 people
Age Distribution
South Hill, WA

College Education or Above
28%

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

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