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Multifamily Loans in
Lafayette, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Lafayette, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
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 Lafayette 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 Lafayette, CA

All major multifamily lender types are lending in Lafayette.


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


Lafayette Market

The city of Lafayette in Contra Costa County has a population of 26,638. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Lafayette resident is 45 years old with a yearly income of $70,768. The average family has 3.1 members and a median household income of $178,889. Lafayette has a 72% higher education rate. The unemployment rate in Lafayette is 4.5%.


Population
26,638 people

County
Contra Costa County

Renters

28.6% of Lafayette households are renters.


Rent Burden

28.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Contra Costa County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lafayette Demographics


Median Individual Income
$70,768 / year

Median Household Income
$178,889 / year

Families w/ Dual Incomes
52%

Unemployment Rate
4.5%
Household Income Distribution
Lafayette, CA

Median Age
45 years

Avg Family Size
3.1 people
Age Distribution
Lafayette, CA

College Education or Above
72%

STEM College Graduates
53%
Education Distribution
Lafayette, CA
Source: U.S. Census Bureau

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