Loading...

Multifamily Loans in
South St. Paul, MN

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in South St. Paul, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South St. Paul 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 2.99% - 3.23%
7 Year Fixed 3.18% - 3.42%
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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 St. Paul 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 St. Paul, MN

All major multifamily lender types are lending in South St. Paul.


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 St. Paul Market

The city of South St. Paul in Dakota County has a population of 20,060. The median rent in Dakota County for a 2 bedroom is $1,410. The median South St. Paul resident is 35 years old with a yearly income of $33,765. The average family has 3.09 members and a median household income of $63,247. South St. Paul has a 27% higher education rate. The unemployment rate in South St. Paul is 4.1%.


Population
20,060 people

County
Dakota County

Renters

34.2% of South St. Paul households are renters.


Rent Burden

27.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Dakota County 1
Minnesota 2
National 2
Studio $968 $607 $737
1 bedroom $1,136 $694 $813
2 bedroom $1,410 $881 $1,015
3 bedroom $1,982 $1,200 $1,325
4 bedroom $2,324 $1,366 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South St. Paul Demographics


Median Individual Income
$33,765 / year

Median Household Income
$63,247 / year

Families w/ Dual Incomes
60%

Unemployment Rate
4.1%
Household Income Distribution
South St. Paul, MN

Median Age
35 years

Avg Family Size
3.09 people
Age Distribution
South St. Paul, MN

College Education or Above
27%

STEM College Graduates
38%
Education Distribution
South St. Paul, MN
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day