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Multifamily Loans in
Laguna Beach, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Laguna Beach, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Laguna Beach 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Laguna Beach 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 Laguna Beach, CA

All major multifamily lender types are lending in Laguna Beach.


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


Laguna Beach Market

The city of Laguna Beach in Orange County has a population of 22,827. The median rent in Orange County for a 2 bedroom is $2,507. The median Laguna Beach resident is 52 years old with a yearly income of $63,439. The average family has 2.81 members and a median household income of $129,983. Laguna Beach has a 66% higher education rate. The unemployment rate in Laguna Beach is 6.0%.


Population
22,827 people

County
Orange County

Renters

35.7% of Laguna Beach households are renters.


Rent Burden

33.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
California 2
National 2
Studio $1,805 $1,137 $737
1 bedroom $2,031 $1,291 $813
2 bedroom $2,507 $1,635 $1,015
3 bedroom $3,470 $2,254 $1,325
4 bedroom $3,997 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Laguna Beach Demographics


Median Individual Income
$63,439 / year

Median Household Income
$129,983 / year

Families w/ Dual Incomes
52%

Unemployment Rate
6.0%
Household Income Distribution
Laguna Beach, CA

Median Age
52 years

Avg Family Size
2.81 people
Age Distribution
Laguna Beach, CA

College Education or Above
66%

STEM College Graduates
47%
Education Distribution
Laguna Beach, CA
Source: U.S. Census Bureau

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