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Multifamily Loans in
Atascadero, CA

Overview

Atascadero is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Atascadero are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Atascadero are slightly higher than the national average. Atascadero apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Atascadero.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Atascadero, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Atascadero 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/05/2021. This is not an offer or commitment to lend. Multifamily loan rates in Atascadero 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 06, 2021


Multifamily Lenders in Atascadero, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Atascadero.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 06, 2021


Atascadero Market

The city of Atascadero in San Luis Obispo County has a population of 30,075. The median rent in San Luis Obispo County for a 2 bedroom is $1,795. The median Atascadero resident is 38 years old with a yearly income of $37,355. The average family has 3.04 members and a median household income of $79,658. Atascadero has a 32% higher education rate. The unemployment rate in Atascadero is 3.1%.


Population
30,075 people

County
San Luis Obispo County

Renters

37.5% of Atascadero households are renters.


Rent Burden

26.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Luis Obispo County 1
California 2
National 2
Studio $1,257 $1,137 $737
1 bedroom $1,362 $1,291 $813
2 bedroom $1,795 $1,635 $1,015
3 bedroom $2,569 $2,254 $1,325
4 bedroom $3,101 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Atascadero Demographics


Median Individual Income
$37,355 / year

Median Household Income
$79,658 / year

Families w/ Dual Incomes
52%

Unemployment Rate
3.1%
Household Income Distribution
Atascadero, CA

Median Age
38 years

Avg Family Size
3.04 people
Age Distribution
Atascadero, CA

College Education or Above
32%

STEM College Graduates
52%
Education Distribution
Atascadero, CA
Source: U.S. Census Bureau

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