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Multifamily Loans in
West Allis, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in West Allis, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in West Allis 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/01/2021. This is not an offer or commitment to lend. Multifamily loan rates in West Allis 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 02, 2021


Multifamily Lenders in West Allis, WI

All major multifamily lender types are lending in West Allis.


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 02, 2021


West Allis Market

The city of West Allis in Milwaukee County has a population of 59,890. The median rent in Milwaukee County for a 2 bedroom is $1,033. The median West Allis resident is 38 years old with a yearly income of $32,566. The average family has 3 members and a median household income of $52,325. West Allis has a 25% higher education rate. The unemployment rate in West Allis is 3.7%.


Population
59,890 people

County
Milwaukee County

Renters

48% of West Allis households are renters.


Rent Burden

27.1% 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

West Allis Demographics


Median Individual Income
$32,566 / year

Median Household Income
$52,325 / year

Families w/ Dual Incomes
56%

Unemployment Rate
3.7%
Household Income Distribution
West Allis, WI

Median Age
38 years

Avg Family Size
3 people
Age Distribution
West Allis, WI

College Education or Above
25%

STEM College Graduates
43%
Education Distribution
West Allis, WI
Source: U.S. Census Bureau

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