Loading...

Multifamily Loans in
Superior, WI

Overview

Superior is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Superior are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Superior are slightly higher than the national average. Superior apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Superior.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Superior, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Superior 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 $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Superior 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 Superior, WI

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Superior.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 04, 2021


Superior Market

The city of Superior in Douglas County has a population of 25,977. The median rent in Douglas County for a 2 bedroom is $947. The median Superior resident is 38 years old with a yearly income of $26,845. The average family has 2.76 members and a median household income of $46,957. Superior has a 24% higher education rate. The unemployment rate in Superior is 3.3%.


Population
25,977 people

County
Douglas County

Renters

44.6% of Superior households are renters.


Rent Burden

29.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Douglas County 1
Wisconsin 2
National 2
Studio $701 $595 $737
1 bedroom $719 $668 $813
2 bedroom $947 $856 $1,015
3 bedroom $1,222 $1,127 $1,325
4 bedroom $1,493 $1,256 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Superior Demographics


Median Individual Income
$26,845 / year

Median Household Income
$46,957 / year

Families w/ Dual Incomes
51%

Unemployment Rate
3.3%
Household Income Distribution
Superior, WI

Median Age
38 years

Avg Family Size
2.76 people
Age Distribution
Superior, WI

College Education or Above
24%

STEM College Graduates
38%
Education Distribution
Superior, WI
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