Hollister is located in a good market for 5+ unit multifamily loans. Multifamily loans in Hollister are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Hollister are competitive. Hollister 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 Hollister.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hollister are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.38% - 7.12% |
| 7 Year Fixed | 6.40% - 6.91% |
| 10 Year Fixed | 6.45% - 6.85% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.13% - 6.37% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.18% - 6.92% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.25% - 6.65% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Hollister.
The city of Hollister in San Benito County has a population of 40,740. The median rent in San Benito County for a 2 bedroom is $1,826. The median Hollister resident is 33 years old with a yearly income of $31,442. The average family has 3.87 members and a median household income of $80,629. Hollister has a 15% higher education rate. The unemployment rate in Hollister is 7.9%.
40.6% of Hollister households are renters.
31.4% median household income spent on rent.
Bedrooms |
San Benito County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,309 | $1,137 | $737 |
| 1 bedroom | $1,386 | $1,291 | $813 |
| 2 bedroom | $1,826 | $1,635 | $1,015 |
| 3 bedroom | $2,613 | $2,254 | $1,325 |
| 4 bedroom | $3,162 | $2,613 | $1,521 |
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