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Multifamily Loans in
Martinez, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Martinez, CA

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

All major multifamily lender types are lending in Martinez.


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


Martinez Market

The city of Martinez in Contra Costa County has a population of 38,297. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Martinez resident is 43 years old with a yearly income of $53,126. The average family has 3.12 members and a median household income of $107,328. Martinez has a 42% higher education rate. The unemployment rate in Martinez is 3.9%.


Population
38,297 people

County
Contra Costa County

Renters

32.7% of Martinez households are renters.


Rent Burden

25.5% 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

Martinez Demographics


Median Individual Income
$53,126 / year

Median Household Income
$107,328 / year

Families w/ Dual Incomes
58%

Unemployment Rate
3.9%
Household Income Distribution
Martinez, CA

Median Age
43 years

Avg Family Size
3.12 people
Age Distribution
Martinez, CA

College Education or Above
42%

STEM College Graduates
46%
Education Distribution
Martinez, CA
Source: U.S. Census Bureau

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