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Multifamily Loans in
La Verne, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in La Verne, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Verne are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in La Verne 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 Jan 29, 2022


Multifamily Lenders in La Verne, CA

All major multifamily lender types are lending in La Verne.


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 Jan 29, 2022


La Verne Market

The city of La Verne in Los Angeles County has a population of 31,974. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median La Verne resident is 45 years old with a yearly income of $34,568. The average family has 3.22 members and a median household income of $88,131. La Verne has a 38% higher education rate. The unemployment rate in La Verne is 7.4%.


Population
31,974 people

County
Los Angeles County

Renters

25.9% of La Verne households are renters.


Rent Burden

42.3% 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 Verne Demographics


Median Individual Income
$34,568 / year

Median Household Income
$88,131 / year

Families w/ Dual Incomes
53%

Unemployment Rate
7.4%
Household Income Distribution
La Verne, CA

Median Age
45 years

Avg Family Size
3.22 people
Age Distribution
La Verne, CA

College Education or Above
38%

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

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