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Multifamily Loans in
Moreno Valley, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Moreno Valley, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Moreno Valley are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.29% - 3.52%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.59% - 3.83%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.51% - 4.01%
7 Year Fixed 3.64% - 4.34%
10 Year Fixed 3.58% - 4.23%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Moreno 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 Jan 29, 2022


Multifamily Lenders in Moreno Valley, CA

All major multifamily lender types are lending in Moreno 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 Jan 29, 2022


Moreno Valley Market

The city of Moreno Valley in Riverside County has a population of 213,055. The median rent in Riverside County for a 2 bedroom is $1,506. The median Moreno Valley resident is 31 years old with a yearly income of $26,804. The average family has 4.38 members and a median household income of $66,134. Moreno Valley has a 16% higher education rate. The unemployment rate in Moreno Valley is 8.4%.


Population
213,055 people

County
Riverside County

Renters

38.3% of Moreno Valley households are renters.


Rent Burden

37.4% 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

Moreno Valley Demographics


Median Individual Income
$26,804 / year

Median Household Income
$66,134 / year

Families w/ Dual Incomes
55%

Unemployment Rate
8.4%
Household Income Distribution
Moreno Valley, CA

Median Age
31 years

Avg Family Size
4.38 people
Age Distribution
Moreno Valley, CA

College Education or Above
16%

STEM College Graduates
45%
Education Distribution
Moreno Valley, CA
Source: U.S. Census Bureau

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