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Multifamily Loans in
Murrieta, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Murrieta, CA

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

All major multifamily lender types are lending in Murrieta.


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


Murrieta Market

The city of Murrieta in Riverside County has a population of 116,223. The median rent in Riverside County for a 2 bedroom is $1,506. The median Murrieta resident is 34 years old with a yearly income of $32,684. The average family has 3.87 members and a median household income of $90,535. Murrieta has a 30% higher education rate. The unemployment rate in Murrieta is 7.6%.


Population
116,223 people

County
Riverside County

Renters

34% of Murrieta households are renters.


Rent Burden

31.9% 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

Murrieta Demographics


Median Individual Income
$32,684 / year

Median Household Income
$90,535 / year

Families w/ Dual Incomes
56%

Unemployment Rate
7.6%
Household Income Distribution
Murrieta, CA

Median Age
34 years

Avg Family Size
3.87 people
Age Distribution
Murrieta, CA

College Education or Above
30%

STEM College Graduates
47%
Education Distribution
Murrieta, CA
Source: U.S. Census Bureau

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