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Multifamily Loans in
La Mirada, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in La Mirada, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Mirada 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in La Mirada 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 03, 2021


Multifamily Lenders in La Mirada, CA

All major multifamily lender types are lending in La Mirada.


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 03, 2021


La Mirada Market

The city of La Mirada in Los Angeles County has a population of 48,183. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median La Mirada resident is 40 years old with a yearly income of $31,850. The average family has 3.55 members and a median household income of $95,685. La Mirada has a 33% higher education rate. The unemployment rate in La Mirada is 6.1%.


Population
48,183 people

County
Los Angeles County

Renters

22.7% of La Mirada households are renters.


Rent Burden

32.2% 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

La Mirada Demographics


Median Individual Income
$31,850 / year

Median Household Income
$95,685 / year

Families w/ Dual Incomes
60%

Unemployment Rate
6.1%
Household Income Distribution
La Mirada, CA

Median Age
40 years

Avg Family Size
3.55 people
Age Distribution
La Mirada, CA

College Education or Above
33%

STEM College Graduates
44%
Education Distribution
La Mirada, CA
Source: U.S. Census Bureau

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