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Multifamily Loans in
Lennox, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Lennox, CA

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

All major multifamily lender types are lending in Lennox.


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


Lennox Market

The city of Lennox in Los Angeles County has a population of 21,818. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Lennox resident is 30 years old with a yearly income of $22,496. The average family has 4.3 members and a median household income of $49,316. Lennox has a 9% higher education rate. The unemployment rate in Lennox is 5.8%.


Population
21,818 people

County
Los Angeles County

Renters

70.8% of Lennox households are renters.


Rent Burden

36.4% 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

Lennox Demographics


Median Individual Income
$22,496 / year

Median Household Income
$49,316 / year

Families w/ Dual Incomes
62%

Unemployment Rate
5.8%
Household Income Distribution
Lennox, CA

Median Age
30 years

Avg Family Size
4.3 people
Age Distribution
Lennox, CA

College Education or Above
9%

STEM College Graduates
38%
Education Distribution
Lennox, CA
Source: U.S. Census Bureau

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