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Multifamily Loans in
Hercules, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Hercules, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
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 Hercules 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 Hercules, CA

All major multifamily lender types are lending in Hercules.


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


Hercules Market

The city of Hercules in Contra Costa County has a population of 26,276. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Hercules resident is 41 years old with a yearly income of $47,806. The average family has 3.44 members and a median household income of $117,018. Hercules has a 43% higher education rate. The unemployment rate in Hercules is 3.9%.


Population
26,276 people

County
Contra Costa County

Renters

18.4% of Hercules households are renters.


Rent Burden

33.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Contra Costa County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hercules Demographics


Median Individual Income
$47,806 / year

Median Household Income
$117,018 / year

Families w/ Dual Incomes
65%

Unemployment Rate
3.9%
Household Income Distribution
Hercules, CA

Median Age
41 years

Avg Family Size
3.44 people
Age Distribution
Hercules, CA

College Education or Above
43%

STEM College Graduates
54%
Education Distribution
Hercules, CA
Source: U.S. Census Bureau

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