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.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Brawley are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Brawley.
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%.
47.5% of Brawley households are renters.
40.4% median household income spent on rent.
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 |
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