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Multifamily Loans in California

Overview

6,703,941 (or 16.97%) of the 39,512,223 population of California live in 5+ unit apartment properties. California has approximately 3,089,474 multifamily units. Last year, 43,215 new apartment units were constructed in California, representing a 1.42% growth in units. Multifamily units make up 22.69% of the total housing stock in California.

Interest rates for multifamily loans in California are very competitive. California apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in California.

Get multifamily loan quotes for Apr 16, 2024


Multifamily Loan Rates in California

SoftQuotes' lender rates for 5+ unit multifamily loans in California are:

Loan Amount
$1M to $6M
5 Year Fixed 6.12% - 6.87%
7 Year Fixed 6.05% - 6.53%
10 Year Fixed 6.14% - 6.67%
Loan Amount
$6M to $100M
5 Year Fixed 5.44% - 5.99%
7 Year Fixed 5.49% - 6.04%
10 Year Fixed 5.47% - 6.02%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. This is not an offer or commitment to lend. Rates updated on 04/15/2024.

Get multifamily loan quotes for Apr 16, 2024


California Rents

The state of California has statewide rent control caps and city specific laws.

Bedrooms
Low1
High2
Average2
Studio $604 $2,447 $1,137
1 bedroom $677 $3,044 $1,291
2 bedroom $892 $3,700 $1,635
3 bedroom $1,204 $4,756 $2,254
4 bedroom $1,334 $5,176 $2,613
1 County median 2 Average of counties
Source: Federal Housing Finance Agency

California Multifamily Loans by City