Loading...

Multifamily Loans in
White Bear Lake, MN

Overview

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

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in White Bear Lake, MN

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in White Bear Lake 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 White Bear Lake 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 White Bear Lake, MN

All major multifamily lender types are lending in White Bear Lake.


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


White Bear Lake Market

The city of White Bear Lake in Ramsey County has a population of 25,875. The median rent in Ramsey County for a 2 bedroom is $1,410. The median White Bear Lake resident is 42 years old with a yearly income of $37,282. The average family has 3 members and a median household income of $71,709. White Bear Lake has a 34% higher education rate. The unemployment rate in White Bear Lake is 3.2%.


Population
25,875 people

County
Ramsey County

Renters

31.9% of White Bear Lake households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ramsey County 1
Minnesota 2
National 2
Studio $968 $607 $737
1 bedroom $1,136 $694 $813
2 bedroom $1,410 $881 $1,015
3 bedroom $1,982 $1,200 $1,325
4 bedroom $2,324 $1,366 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

White Bear Lake Demographics


Median Individual Income
$37,282 / year

Median Household Income
$71,709 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.2%
Household Income Distribution
White Bear Lake, MN

Median Age
42 years

Avg Family Size
3 people
Age Distribution
White Bear Lake, MN

College Education or Above
34%

STEM College Graduates
37%
Education Distribution
White Bear Lake, MN
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