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Multifamily Loans in
Wheat Ridge, CO

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Wheat Ridge, CO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wheat Ridge 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 Wheat Ridge 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 Wheat Ridge, CO

All major multifamily lender types are lending in Wheat Ridge.


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


Wheat Ridge Market

The city of Wheat Ridge in Jefferson County has a population of 31,324. The median rent in Jefferson County for a 2 bedroom is $1,750. The median Wheat Ridge resident is 41 years old with a yearly income of $33,378. The average family has 2.84 members and a median household income of $57,659. Wheat Ridge has a 36% higher education rate. The unemployment rate in Wheat Ridge is 3.7%.


Population
31,324 people

County
Jefferson County

Renters

48.2% of Wheat Ridge households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson County 1
Colorado 2
National 2
Studio $1,286 $873 $737
1 bedroom $1,422 $932 $813
2 bedroom $1,750 $1,168 $1,015
3 bedroom $2,383 $1,570 $1,325
4 bedroom $2,710 $1,825 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Wheat Ridge Demographics


Median Individual Income
$33,378 / year

Median Household Income
$57,659 / year

Families w/ Dual Incomes
55%

Unemployment Rate
3.7%
Household Income Distribution
Wheat Ridge, CO

Median Age
41 years

Avg Family Size
2.84 people
Age Distribution
Wheat Ridge, CO

College Education or Above
36%

STEM College Graduates
46%
Education Distribution
Wheat Ridge, CO
Source: U.S. Census Bureau

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