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Multifamily Loans in
Lake Forest, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lake Forest, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lake Forest 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 Lake Forest 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 Lake Forest, CA

All major multifamily lender types are lending in Lake Forest.


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


Lake Forest Market

The city of Lake Forest in Orange County has a population of 85,531. The median rent in Orange County for a 2 bedroom is $2,507. The median Lake Forest resident is 40 years old with a yearly income of $45,855. The average family has 3.28 members and a median household income of $109,492. Lake Forest has a 49% higher education rate. The unemployment rate in Lake Forest is 4.2%.


Population
85,531 people

County
Orange County

Renters

30.7% of Lake Forest households are renters.


Rent Burden

32.2% 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

Lake Forest Demographics


Median Individual Income
$45,855 / year

Median Household Income
$109,492 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.2%
Household Income Distribution
Lake Forest, CA

Median Age
40 years

Avg Family Size
3.28 people
Age Distribution
Lake Forest, CA

College Education or Above
49%

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

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