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Multifamily Loans in
Davis, CA

Overview

Davis is located in a good market for 5+ unit multifamily loans. Multifamily loans in Davis are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Davis are competitive. Davis 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 Davis.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Davis, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Davis are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.29% - 3.52%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.59% - 3.83%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.51% - 4.01%
7 Year Fixed 3.64% - 4.34%
10 Year Fixed 3.58% - 4.23%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Davis 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 Jan 29, 2022


Multifamily Lenders in Davis, CA

All major multifamily lender types are lending in Davis.


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 Jan 29, 2022


Davis Market

The city of Davis in Yolo County has a population of 69,413. The median rent in Yolo County for a 2 bedroom is $1,647. The median Davis resident is 26 years old with a yearly income of $27,709. The average family has 2.95 members and a median household income of $69,379. Davis has a 74% higher education rate. The unemployment rate in Davis is 5.8%.


Population
69,413 people

County
Yolo County

Renters

56.8% of Davis households are renters.


Rent Burden

48.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Yolo County 1
California 2
National 2
Studio $1,183 $1,137 $737
1 bedroom $1,250 $1,291 $813
2 bedroom $1,647 $1,635 $1,015
3 bedroom $2,357 $2,254 $1,325
4 bedroom $2,816 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Davis Demographics


Median Individual Income
$27,709 / year

Median Household Income
$69,379 / year

Families w/ Dual Incomes
57%

Unemployment Rate
5.8%
Household Income Distribution
Davis, CA

Median Age
26 years

Avg Family Size
2.95 people
Age Distribution
Davis, CA

College Education or Above
74%

STEM College Graduates
67%
Education Distribution
Davis, CA
Source: U.S. Census Bureau

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