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Multifamily Loans in
Montclair, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Montclair, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Montclair 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Montclair 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 03, 2021


Multifamily Lenders in Montclair, CA

All major multifamily lender types are lending in Montclair.


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 03, 2021


Montclair Market

The city of Montclair in San Bernardino County has a population of 40,083. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Montclair resident is 33 years old with a yearly income of $24,223. The average family has 4.15 members and a median household income of $62,024. Montclair has a 16% higher education rate. The unemployment rate in Montclair is 7.5%.


Population
40,083 people

County
San Bernardino County

Renters

46.1% of Montclair households are renters.


Rent Burden

37.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Bernardino 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

Montclair Demographics


Median Individual Income
$24,223 / year

Median Household Income
$62,024 / year

Families w/ Dual Incomes
60%

Unemployment Rate
7.5%
Household Income Distribution
Montclair, CA

Median Age
33 years

Avg Family Size
4.15 people
Age Distribution
Montclair, CA

College Education or Above
16%

STEM College Graduates
44%
Education Distribution
Montclair, CA
Source: U.S. Census Bureau

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