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Multifamily Loans in
Burlingame, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Burlingame, CA

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

All major multifamily lender types are lending in Burlingame.


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


Burlingame Market

The city of Burlingame in San Mateo County has a population of 30,889. The median rent in San Mateo County for a 2 bedroom is $3,700. The median Burlingame resident is 40 years old with a yearly income of $70,368. The average family has 3.09 members and a median household income of $128,447. Burlingame has a 68% higher education rate. The unemployment rate in Burlingame is 4.7%.


Population
30,889 people

County
San Mateo County

Renters

51.9% of Burlingame households are renters.


Rent Burden

25.5% 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

Burlingame Demographics


Median Individual Income
$70,368 / year

Median Household Income
$128,447 / year

Families w/ Dual Incomes
59%

Unemployment Rate
4.7%
Household Income Distribution
Burlingame, CA

Median Age
40 years

Avg Family Size
3.09 people
Age Distribution
Burlingame, CA

College Education or Above
68%

STEM College Graduates
57%
Education Distribution
Burlingame, CA
Source: U.S. Census Bureau

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