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Multifamily Loans in
La Quinta, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in La Quinta, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Quinta 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 La Quinta 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 La Quinta, CA

All major multifamily lender types are lending in La Quinta.


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


La Quinta Market

The city of La Quinta in Riverside County has a population of 41,748. The median rent in Riverside County for a 2 bedroom is $1,506. The median La Quinta resident is 48 years old with a yearly income of $37,685. The average family has 3.07 members and a median household income of $77,839. La Quinta has a 36% higher education rate. The unemployment rate in La Quinta is 7.5%.


Population
41,748 people

County
Riverside County

Renters

26.2% of La Quinta households are renters.


Rent Burden

33.5% 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

La Quinta Demographics


Median Individual Income
$37,685 / year

Median Household Income
$77,839 / year

Families w/ Dual Incomes
41%

Unemployment Rate
7.5%
Household Income Distribution
La Quinta, CA

Median Age
48 years

Avg Family Size
3.07 people
Age Distribution
La Quinta, CA

College Education or Above
36%

STEM College Graduates
40%
Education Distribution
La Quinta, CA
Source: U.S. Census Bureau

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