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Multifamily Loans in
Mead Valley, CA

Overview

Mead Valley is located in a good market for 5+ unit multifamily loans. Multifamily loans in Mead Valley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Mead Valley are competitive. Mead Valley 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 Mead Valley.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Mead Valley, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Mead Valley 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Mead Valley 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 Mead Valley, CA

All major multifamily lender types are lending in Mead Valley.


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


Mead Valley Market

The city of Mead Valley in Riverside County has a population of 20,145. The median rent in Riverside County for a 2 bedroom is $1,506. The median Mead Valley resident is 33 years old with a yearly income of $24,483. The average family has 4.59 members and a median household income of $59,079. Mead Valley has a 5% higher education rate. The unemployment rate in Mead Valley is 9.1%.


Population
20,145 people

County
Riverside County

Renters

26.2% of Mead Valley households are renters.


Rent Burden

51.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Riverside County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Mead Valley Demographics


Median Individual Income
$24,483 / year

Median Household Income
$59,079 / year

Families w/ Dual Incomes
45%

Unemployment Rate
9.1%
Household Income Distribution
Mead Valley, CA

Median Age
33 years

Avg Family Size
4.59 people
Age Distribution
Mead Valley, CA

College Education or Above
5%

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

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