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Multifamily Loans in
Beaumont, CA

Overview

Beaumont is located in a good market for 5+ unit multifamily loans. Multifamily loans in Beaumont are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Beaumont are competitive. Beaumont 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 Beaumont.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Beaumont, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.29% - 3.52%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.59% - 3.83%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.51% - 4.01%
7 Year Fixed 3.64% - 4.34%
10 Year Fixed 3.58% - 4.23%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Beaumont 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 Jan 29, 2022


Multifamily Lenders in Beaumont, CA

All major multifamily lender types are lending in Beaumont.


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 Jan 29, 2022


Beaumont Market

The city of Beaumont in Riverside County has a population of 51,063. The median rent in Riverside County for a 2 bedroom is $1,506. The median Beaumont resident is 35 years old with a yearly income of $35,822. The average family has 3.8 members and a median household income of $84,105. Beaumont has a 26% higher education rate. The unemployment rate in Beaumont is 6.7%.


Population
51,063 people

County
Riverside County

Renters

22.8% of Beaumont households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Riverside County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Beaumont Demographics


Median Individual Income
$35,822 / year

Median Household Income
$84,105 / year

Families w/ Dual Incomes
51%

Unemployment Rate
6.7%
Household Income Distribution
Beaumont, CA

Median Age
35 years

Avg Family Size
3.8 people
Age Distribution
Beaumont, CA

College Education or Above
26%

STEM College Graduates
45%
Education Distribution
Beaumont, CA
Source: U.S. Census Bureau

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