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Multifamily Loans in
West Linn, OR

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in West Linn, OR

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in West Linn 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 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
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 West Linn 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 West Linn, OR

All major multifamily lender types are lending in West Linn.


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


West Linn Market

The city of West Linn in Clackamas County has a population of 26,736. The median rent in Clackamas County for a 2 bedroom is $1,620. The median West Linn resident is 43 years old with a yearly income of $50,536. The average family has 3.18 members and a median household income of $111,042. West Linn has a 62% higher education rate. The unemployment rate in West Linn is 4.9%.


Population
26,736 people

County
Clackamas County

Renters

18.4% of West Linn households are renters.


Rent Burden

35.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Clackamas County 1
Oregon 2
National 2
Studio $1,313 $786 $737
1 bedroom $1,404 $891 $813
2 bedroom $1,620 $1,112 $1,015
3 bedroom $2,312 $1,569 $1,325
4 bedroom $2,802 $1,853 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

West Linn Demographics


Median Individual Income
$50,536 / year

Median Household Income
$111,042 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.9%
Household Income Distribution
West Linn, OR

Median Age
43 years

Avg Family Size
3.18 people
Age Distribution
West Linn, OR

College Education or Above
62%

STEM College Graduates
51%
Education Distribution
West Linn, OR
Source: U.S. Census Bureau

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