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Multifamily Loans in
Imperial Beach, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Imperial Beach, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Imperial Beach 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Imperial Beach 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 08, 2021


Multifamily Lenders in Imperial Beach, CA

All major multifamily lender types are lending in Imperial Beach.


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 08, 2021


Imperial Beach Market

The city of Imperial Beach in San Diego County has a population of 27,440. The median rent in San Diego County for a 2 bedroom is $2,254. The median Imperial Beach resident is 33 years old with a yearly income of $28,349. The average family has 3.34 members and a median household income of $53,690. Imperial Beach has a 22% higher education rate. The unemployment rate in Imperial Beach is 8.7%.


Population
27,440 people

County
San Diego County

Renters

69.2% of Imperial Beach households are renters.


Rent Burden

39.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Imperial Beach Demographics


Median Individual Income
$28,349 / year

Median Household Income
$53,690 / year

Families w/ Dual Incomes
48%

Unemployment Rate
8.7%
Household Income Distribution
Imperial Beach, CA

Median Age
33 years

Avg Family Size
3.34 people
Age Distribution
Imperial Beach, CA

College Education or Above
22%

STEM College Graduates
43%
Education Distribution
Imperial Beach, CA
Source: U.S. Census Bureau

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