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Multifamily Loans in
La Presa, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in La Presa, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Presa 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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 La Presa 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 La Presa, CA

All major multifamily lender types are lending in La Presa.


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


La Presa Market

The city of La Presa in San Diego County has a population of 38,227. The median rent in San Diego County for a 2 bedroom is $2,254. The median La Presa resident is 34 years old with a yearly income of $27,915. The average family has 3.9 members and a median household income of $66,158. La Presa has a 19% higher education rate. The unemployment rate in La Presa is 8.4%.


Population
38,227 people

County
San Diego County

Renters

38.5% of La Presa households are renters.


Rent Burden

36.9% 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

La Presa Demographics


Median Individual Income
$27,915 / year

Median Household Income
$66,158 / year

Families w/ Dual Incomes
56%

Unemployment Rate
8.4%
Household Income Distribution
La Presa, CA

Median Age
34 years

Avg Family Size
3.9 people
Age Distribution
La Presa, CA

College Education or Above
19%

STEM College Graduates
49%
Education Distribution
La Presa, CA
Source: U.S. Census Bureau

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