Lakewood is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Lakewood are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Lakewood are some of the lowest nationally. Lakewood 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 Lakewood.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lakewood are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.71% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Lakewood.
The city of Lakewood in Pierce County has a population of 61,037. The median rent in Pierce County for a 2 bedroom is $1,572. The median Lakewood resident is 36 years old with a yearly income of $30,140. The average family has 2.97 members and a median household income of $51,972. Lakewood has a 23% higher education rate. The unemployment rate in Lakewood is 6.7%.
56.6% of Lakewood households are renters.
31.7% median household income spent on rent.
Bedrooms |
Pierce County 1 |
Washington 2 |
National 2 |
|---|---|---|---|
| Studio | $1,088 | $801 | $737 |
| 1 bedroom | $1,212 | $904 | $813 |
| 2 bedroom | $1,572 | $1,138 | $1,015 |
| 3 bedroom | $2,250 | $1,591 | $1,325 |
| 4 bedroom | $2,722 | $1,874 | $1,521 |
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