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Multifamily Loans in
Bloomington, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Bloomington, CA

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

All major multifamily lender types are lending in Bloomington.


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


Bloomington Market

The city of Bloomington in San Bernardino County has a population of 21,847. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Bloomington resident is 33 years old with a yearly income of $24,426. The average family has 4.07 members and a median household income of $52,085. Bloomington has a 10% higher education rate. The unemployment rate in Bloomington is 5.6%.


Population
21,847 people

County
San Bernardino County

Renters

32.3% of Bloomington households are renters.


Rent Burden

37.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Bernardino 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

Bloomington Demographics


Median Individual Income
$24,426 / year

Median Household Income
$52,085 / year

Families w/ Dual Incomes
52%

Unemployment Rate
5.6%
Household Income Distribution
Bloomington, CA

Median Age
33 years

Avg Family Size
4.07 people
Age Distribution
Bloomington, CA

College Education or Above
10%

STEM College Graduates
42%
Education Distribution
Bloomington, CA
Source: U.S. Census Bureau

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