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Multifamily Loans in
Glendale, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Glendale, CA

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

All major multifamily lender types are lending in Glendale.


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


Glendale Market

The city of Glendale in Los Angeles County has a population of 199,303. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Glendale resident is 42 years old with a yearly income of $29,586. The average family has 3.29 members and a median household income of $66,130. Glendale has a 41% higher education rate. The unemployment rate in Glendale is 6.5%.


Population
199,303 people

County
Los Angeles County

Renters

67% of Glendale households are renters.


Rent Burden

38.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Glendale Demographics


Median Individual Income
$29,586 / year

Median Household Income
$66,130 / year

Families w/ Dual Incomes
55%

Unemployment Rate
6.5%
Household Income Distribution
Glendale, CA

Median Age
42 years

Avg Family Size
3.29 people
Age Distribution
Glendale, CA

College Education or Above
41%

STEM College Graduates
44%
Education Distribution
Glendale, CA
Source: U.S. Census Bureau

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