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Multifamily Loans in
Hollister, CA

Overview

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.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Hollister, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hollister 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Hollister 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 Hollister, CA

All major multifamily lender types are lending in Hollister.


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


Hollister Market

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%.


Population
40,740 people

County
San Benito County

Renters

40.6% of Hollister households are renters.


Rent Burden

31.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Hollister Demographics


Median Individual Income
$31,442 / year

Median Household Income
$80,629 / year

Families w/ Dual Incomes
65%

Unemployment Rate
7.9%
Household Income Distribution
Hollister, CA

Median Age
33 years

Avg Family Size
3.87 people
Age Distribution
Hollister, CA

College Education or Above
15%

STEM College Graduates
45%
Education Distribution
Hollister, CA
Source: U.S. Census Bureau

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