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Multifamily Loans in
West Bend, WI

Overview

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

Get multifamily loan quotes for Dec 02, 2021


Multifamily Loan Rates in West Bend, WI

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in West Bend 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 Bend 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 Bend, WI

All major multifamily lender types are lending in West Bend.


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 Bend Market

The city of West Bend in Washington County has a population of 31,563. The median rent in Washington County for a 2 bedroom is $1,033. The median West Bend resident is 39 years old with a yearly income of $33,164. The average family has 2.98 members and a median household income of $60,910. West Bend has a 28% higher education rate. The unemployment rate in West Bend is 2.4%.


Population
31,563 people

County
Washington County

Renters

33.6% of West Bend households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Washington 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 Bend Demographics


Median Individual Income
$33,164 / year

Median Household Income
$60,910 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.4%
Household Income Distribution
West Bend, WI

Median Age
39 years

Avg Family Size
2.98 people
Age Distribution
West Bend, WI

College Education or Above
28%

STEM College Graduates
44%
Education Distribution
West Bend, WI
Source: U.S. Census Bureau

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