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Multifamily Loans in
South Milwaukee, WI

Overview

South Milwaukee is located in a good market for 5+ unit multifamily loans. Multifamily loans in South Milwaukee are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in South Milwaukee are competitive. South Milwaukee 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 Milwaukee.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in South Milwaukee, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Milwaukee 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 South Milwaukee 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 South Milwaukee, WI

All major multifamily lender types are lending in South Milwaukee.


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


South Milwaukee Market

The city of South Milwaukee in Milwaukee County has a population of 20,696. The median rent in Milwaukee County for a 2 bedroom is $1,033. The median South Milwaukee resident is 41 years old with a yearly income of $29,296. The average family has 3.02 members and a median household income of $52,678. South Milwaukee has a 23% higher education rate. The unemployment rate in South Milwaukee is 4.5%.


Population
20,696 people

County
Milwaukee County

Renters

41% of South Milwaukee households are renters.


Rent Burden

29.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Milwaukee County 1
Wisconsin 2
National 2
Studio $704 $595 $737
1 bedroom $853 $668 $813
2 bedroom $1,033 $856 $1,015
3 bedroom $1,319 $1,127 $1,325
4 bedroom $1,446 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Milwaukee Demographics


Median Individual Income
$29,296 / year

Median Household Income
$52,678 / year

Families w/ Dual Incomes
51%

Unemployment Rate
4.5%
Household Income Distribution
South Milwaukee, WI

Median Age
41 years

Avg Family Size
3.02 people
Age Distribution
South Milwaukee, WI

College Education or Above
23%

STEM College Graduates
38%
Education Distribution
South Milwaukee, WI
Source: U.S. Census Bureau

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