Loading...

Multifamily Loans in
El Paso De Robles, CA

Overview

El Paso De Robles is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in El Paso De Robles are considered moderate risk due to market dynamics. Interest rates for multifamily loans in El Paso De Robles are slightly higher than the national average. El Paso De Robles apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in El Paso De Robles.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in El Paso De Robles, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in El Paso De Robles 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 El Paso De Robles 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 El Paso De Robles, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in El Paso De Robles.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 06, 2021


El Paso De Robles Market

The city of El Paso De Robles in San Luis Obispo County has a population of 32,153. The median rent in San Luis Obispo County for a 2 bedroom is $1,795. The median El Paso De Robles resident is 39 years old with a yearly income of $32,148. The average family has 3.1 members and a median household income of $62,601. El Paso De Robles has a 24% higher education rate. The unemployment rate in El Paso De Robles is 3.5%.


Population
32,153 people

County
San Luis Obispo County

Renters

42.7% of El Paso De Robles households are renters.


Rent Burden

29% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Luis Obispo County 1
California 2
National 2
Studio $1,257 $1,137 $737
1 bedroom $1,362 $1,291 $813
2 bedroom $1,795 $1,635 $1,015
3 bedroom $2,569 $2,254 $1,325
4 bedroom $3,101 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

El Paso De Robles Demographics


Median Individual Income
$32,148 / year

Median Household Income
$62,601 / year

Families w/ Dual Incomes
54%

Unemployment Rate
3.5%
Household Income Distribution
El Paso De Robles, CA

Median Age
39 years

Avg Family Size
3.1 people
Age Distribution
El Paso De Robles, CA

College Education or Above
24%

STEM College Graduates
51%
Education Distribution
El Paso De Robles, CA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day