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Multifamily Loans in
Huntington Park, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Huntington Park, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Huntington Park 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 Jan 29, 2022


Multifamily Lenders in Huntington Park, CA

All major multifamily lender types are lending in Huntington Park.


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 Jan 29, 2022


Huntington Park Market

The city of Huntington Park in Los Angeles County has a population of 57,509. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Huntington Park resident is 31 years old with a yearly income of $20,345. The average family has 4.25 members and a median household income of $42,447. Huntington Park has a 7% higher education rate. The unemployment rate in Huntington Park is 8.3%.


Population
57,509 people

County
Los Angeles County

Renters

72.8% of Huntington Park households are renters.


Rent Burden

35.9% 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

Huntington Park Demographics


Median Individual Income
$20,345 / year

Median Household Income
$42,447 / year

Families w/ Dual Incomes
54%

Unemployment Rate
8.3%
Household Income Distribution
Huntington Park, CA

Median Age
31 years

Avg Family Size
4.25 people
Age Distribution
Huntington Park, CA

College Education or Above
7%

STEM College Graduates
39%
Education Distribution
Huntington Park, CA
Source: U.S. Census Bureau

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