Loading...

Multifamily Loans in
Glendora, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Glendora, CA

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

All major multifamily lender types are lending in Glendora.


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


Glendora Market

The city of Glendora in Los Angeles County has a population of 51,544. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Glendora resident is 41 years old with a yearly income of $36,046. The average family has 3.39 members and a median household income of $96,132. Glendora has a 37% higher education rate. The unemployment rate in Glendora is 6.0%.


Population
51,544 people

County
Los Angeles County

Renters

30.8% of Glendora households are renters.


Rent Burden

32.5% 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

Glendora Demographics


Median Individual Income
$36,046 / year

Median Household Income
$96,132 / year

Families w/ Dual Incomes
56%

Unemployment Rate
6.0%
Household Income Distribution
Glendora, CA

Median Age
41 years

Avg Family Size
3.39 people
Age Distribution
Glendora, CA

College Education or Above
37%

STEM College Graduates
41%
Education Distribution
Glendora, 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