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Multifamily Loans in
Brawley, CA

Overview

Brawley is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Brawley are considered greater risk due to market dynamics. Interest rates for multifamily loans in Brawley are higher than the national average. Brawley apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Brawley.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Brawley, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.26% - 3.51%
7 Year Fixed 3.43% - 3.88%
10 Year Fixed 3.38% - 3.78%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Brawley 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 08, 2021


Multifamily Lenders in Brawley, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Brawley.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Brawley Market

The city of Brawley in Imperial County has a population of 26,227. The median rent in Imperial County for a 2 bedroom is $1,113. The median Brawley resident is 31 years old with a yearly income of $17,658. The average family has 4.33 members and a median household income of $42,326. Brawley has a 12% higher education rate. The unemployment rate in Brawley is 18.0%.


Population
26,227 people

County
Imperial County

Renters

47.5% of Brawley households are renters.


Rent Burden

40.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Imperial County 1
California 2
National 2
Studio $744 $1,137 $737
1 bedroom $850 $1,291 $813
2 bedroom $1,113 $1,635 $1,015
3 bedroom $1,517 $2,254 $1,325
4 bedroom $1,883 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Brawley Demographics


Median Individual Income
$17,658 / year

Median Household Income
$42,326 / year

Families w/ Dual Incomes
35%

Unemployment Rate
18.0%
Household Income Distribution
Brawley, CA

Median Age
31 years

Avg Family Size
4.33 people
Age Distribution
Brawley, CA

College Education or Above
12%

STEM College Graduates
35%
Education Distribution
Brawley, CA
Source: U.S. Census Bureau

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