Martinez is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Martinez are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Martinez are slightly higher than the national average. Martinez apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Martinez.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Martinez are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Martinez.
The city of Martinez in Columbia County has a population of 34,844. The median rent in Columbia County for a 2 bedroom is $883. The median Martinez resident is 40 years old with a yearly income of $35,662. The average family has 3.63 members and a median household income of $75,330. Martinez has a 38% higher education rate. The unemployment rate in Martinez is 3.7%.
24.4% of Martinez households are renters.
24.5% median household income spent on rent.
Bedrooms |
Columbia County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $689 | $670 | $737 |
| 1 bedroom | $767 | $698 | $813 |
| 2 bedroom | $883 | $840 | $1,015 |
| 3 bedroom | $1,200 | $1,103 | $1,325 |
| 4 bedroom | $1,529 | $1,302 | $1,521 |
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