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Multifamily Loans in
Berkeley, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Berkeley, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Berkeley 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 Berkeley 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 Berkeley, CA

All major multifamily lender types are lending in Berkeley.


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


Berkeley Market

The city of Berkeley in Alameda County has a population of 121,363. The median rent in Alameda County for a 2 bedroom is $2,641. The median Berkeley resident is 31 years old with a yearly income of $37,103. The average family has 2.89 members and a median household income of $85,530. Berkeley has a 74% higher education rate. The unemployment rate in Berkeley is 5.3%.


Population
121,363 people

County
Alameda County

Renters

57.1% of Berkeley households are renters.


Rent Burden

39.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Alameda 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

Berkeley Demographics


Median Individual Income
$37,103 / year

Median Household Income
$85,530 / year

Families w/ Dual Incomes
59%

Unemployment Rate
5.3%
Household Income Distribution
Berkeley, CA

Median Age
31 years

Avg Family Size
2.89 people
Age Distribution
Berkeley, CA

College Education or Above
74%

STEM College Graduates
59%
Education Distribution
Berkeley, CA
Source: U.S. Census Bureau

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