Loading...

Multifamily Loans in
Belmont, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Belmont, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Belmont 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Belmont 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 03, 2021


Multifamily Lenders in Belmont, CA

All major multifamily lender types are lending in Belmont.


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 03, 2021


Belmont Market

The city of Belmont in San Mateo County has a population of 26,941. The median rent in San Mateo County for a 2 bedroom is $3,700. The median Belmont resident is 41 years old with a yearly income of $75,162. The average family has 3.05 members and a median household income of $156,052. Belmont has a 65% higher education rate. The unemployment rate in Belmont is 3.2%.


Population
26,941 people

County
San Mateo County

Renters

39.2% of Belmont households are renters.


Rent Burden

30.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Mateo County 1
California 2
National 2
Studio $2,447 $1,137 $737
1 bedroom $3,044 $1,291 $813
2 bedroom $3,700 $1,635 $1,015
3 bedroom $4,756 $2,254 $1,325
4 bedroom $5,176 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Belmont Demographics


Median Individual Income
$75,162 / year

Median Household Income
$156,052 / year

Families w/ Dual Incomes
63%

Unemployment Rate
3.2%
Household Income Distribution
Belmont, CA

Median Age
41 years

Avg Family Size
3.05 people
Age Distribution
Belmont, CA

College Education or Above
65%

STEM College Graduates
64%
Education Distribution
Belmont, 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