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Multifamily Loans in
Concord, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Concord, CA

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

All major multifamily lender types are lending in Concord.


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


Concord Market

The city of Concord in Contra Costa County has a population of 129,295. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Concord resident is 39 years old with a yearly income of $39,841. The average family has 3.28 members and a median household income of $89,564. Concord has a 37% higher education rate. The unemployment rate in Concord is 5.0%.


Population
129,295 people

County
Contra Costa County

Renters

40.1% of Concord households are renters.


Rent Burden

34.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Contra Costa County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Concord Demographics


Median Individual Income
$39,841 / year

Median Household Income
$89,564 / year

Families w/ Dual Incomes
57%

Unemployment Rate
5.0%
Household Income Distribution
Concord, CA

Median Age
39 years

Avg Family Size
3.28 people
Age Distribution
Concord, CA

College Education or Above
37%

STEM College Graduates
47%
Education Distribution
Concord, CA
Source: U.S. Census Bureau

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