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Multifamily Loans in
Costa Mesa, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Costa Mesa, CA

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

All major multifamily lender types are lending in Costa Mesa.


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


Costa Mesa Market

The city of Costa Mesa in Orange County has a population of 113,003. The median rent in Orange County for a 2 bedroom is $2,507. The median Costa Mesa resident is 35 years old with a yearly income of $38,730. The average family has 3.32 members and a median household income of $84,138. Costa Mesa has a 40% higher education rate. The unemployment rate in Costa Mesa is 4.2%.


Population
113,003 people

County
Orange County

Renters

61.7% of Costa Mesa households are renters.


Rent Burden

31.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
California 2
National 2
Studio $1,805 $1,137 $737
1 bedroom $2,031 $1,291 $813
2 bedroom $2,507 $1,635 $1,015
3 bedroom $3,470 $2,254 $1,325
4 bedroom $3,997 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Costa Mesa Demographics


Median Individual Income
$38,730 / year

Median Household Income
$84,138 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.2%
Household Income Distribution
Costa Mesa, CA

Median Age
35 years

Avg Family Size
3.32 people
Age Distribution
Costa Mesa, CA

College Education or Above
40%

STEM College Graduates
43%
Education Distribution
Costa Mesa, CA
Source: U.S. Census Bureau

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