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Multifamily Loans in
Coronado, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Coronado, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Coronado 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 $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 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Coronado 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 03, 2021


Multifamily Lenders in Coronado, CA

All major multifamily lender types are lending in Coronado.


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 03, 2021


Coronado Market

The city of Coronado in San Diego County has a population of 23,731. The median rent in San Diego County for a 2 bedroom is $2,254. The median Coronado resident is 41 years old with a yearly income of $46,056. The average family has 2.95 members and a median household income of $108,967. Coronado has a 64% higher education rate. The unemployment rate in Coronado is 4.3%.


Population
23,731 people

County
San Diego County

Renters

47.1% of Coronado households are renters.


Rent Burden

30.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Coronado Demographics


Median Individual Income
$46,056 / year

Median Household Income
$108,967 / year

Families w/ Dual Incomes
44%

Unemployment Rate
4.3%
Household Income Distribution
Coronado, CA

Median Age
41 years

Avg Family Size
2.95 people
Age Distribution
Coronado, CA

College Education or Above
64%

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

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