Loading...

Multifamily Loans in
Los Altos, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Los Altos, CA

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

All major multifamily lender types are lending in Los Altos.


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


Los Altos Market

The city of Los Altos in Santa Clara County has a population of 30,089. The median rent in Santa Clara County for a 2 bedroom is $3,223. The median Los Altos resident is 46 years old with a yearly income of $101,879. The average family has 3.16 members and a median household income of $235,278. Los Altos has a 84% higher education rate. The unemployment rate in Los Altos is 3.3%.


Population
30,089 people

County
Santa Clara County

Renters

19% of Los Altos households are renters.


Rent Burden

18.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Santa Clara County 1
California 2
National 2
Studio $2,354 $1,137 $737
1 bedroom $2,702 $1,291 $813
2 bedroom $3,223 $1,635 $1,015
3 bedroom $4,209 $2,254 $1,325
4 bedroom $4,852 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Los Altos Demographics


Median Individual Income
$101,879 / year

Median Household Income
$235,278 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.3%
Household Income Distribution
Los Altos, CA

Median Age
46 years

Avg Family Size
3.16 people
Age Distribution
Los Altos, CA

College Education or Above
84%

STEM College Graduates
68%
Education Distribution
Los Altos, CA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day