Loading...

Multifamily Loans in
Bay Point, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Bay Point, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bay Point are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
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 12/05/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bay Point 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 Bay Point, CA

All major multifamily lender types are lending in Bay Point.


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 06, 2021


Bay Point Market

The city of Bay Point in Contra Costa County has a population of 25,808. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Bay Point resident is 32 years old with a yearly income of $26,269. The average family has 3.9 members and a median household income of $65,098. Bay Point has a 12% higher education rate. The unemployment rate in Bay Point is 8.1%.


Population
25,808 people

County
Contra Costa County

Renters

44.7% of Bay Point households are renters.


Rent Burden

31.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Contra Costa County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bay Point Demographics


Median Individual Income
$26,269 / year

Median Household Income
$65,098 / year

Families w/ Dual Incomes
56%

Unemployment Rate
8.1%
Household Income Distribution
Bay Point, CA

Median Age
32 years

Avg Family Size
3.9 people
Age Distribution
Bay Point, CA

College Education or Above
12%

STEM College Graduates
48%
Education Distribution
Bay Point, CA
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