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Multifamily Loans in
Alhambra, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Alhambra, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Alhambra 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Alhambra 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 08, 2021


Multifamily Lenders in Alhambra, CA

All major multifamily lender types are lending in Alhambra.


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 08, 2021


Alhambra Market

The city of Alhambra in Los Angeles County has a population of 83,750. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Alhambra resident is 41 years old with a yearly income of $27,518. The average family has 3.34 members and a median household income of $61,384. Alhambra has a 36% higher education rate. The unemployment rate in Alhambra is 4.3%.


Population
83,750 people

County
Los Angeles County

Renters

60% of Alhambra households are renters.


Rent Burden

33.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Alhambra Demographics


Median Individual Income
$27,518 / year

Median Household Income
$61,384 / year

Families w/ Dual Incomes
53%

Unemployment Rate
4.3%
Household Income Distribution
Alhambra, CA

Median Age
41 years

Avg Family Size
3.34 people
Age Distribution
Alhambra, CA

College Education or Above
36%

STEM College Graduates
48%
Education Distribution
Alhambra, CA
Source: U.S. Census Bureau

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