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Multifamily Loans in
Indio, CA

Overview

Indio is located in a good market for 5+ unit multifamily loans. Multifamily loans in Indio are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Indio are competitive. Indio 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 Indio.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Indio, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Indio 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 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 3.03% - 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 Indio 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 Indio, CA

All major multifamily lender types are lending in Indio.


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


Indio Market

The city of Indio in Riverside County has a population of 91,765. The median rent in Riverside County for a 2 bedroom is $1,506. The median Indio resident is 40 years old with a yearly income of $26,346. The average family has 3.49 members and a median household income of $53,669. Indio has a 17% higher education rate. The unemployment rate in Indio is 8.5%.


Population
91,765 people

County
Riverside County

Renters

29.4% of Indio households are renters.


Rent Burden

35% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Riverside County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Indio Demographics


Median Individual Income
$26,346 / year

Median Household Income
$53,669 / year

Families w/ Dual Incomes
43%

Unemployment Rate
8.5%
Household Income Distribution
Indio, CA

Median Age
40 years

Avg Family Size
3.49 people
Age Distribution
Indio, CA

College Education or Above
17%

STEM College Graduates
37%
Education Distribution
Indio, CA
Source: U.S. Census Bureau

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