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Multifamily Loans in
Napa, CA

Overview

Napa is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Napa are considered greater risk due to market dynamics. Interest rates for multifamily loans in Napa are higher than the national average. Napa apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Napa.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Napa, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Napa 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 $6M
5 Year Fixed 3.73% - 3.97%
7 Year Fixed 3.54% - 3.78%
10 Year Fixed 3.78% - 4.02%
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®
$6M to $100M
5 Year Fixed 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
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 Napa 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 Napa, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Napa.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 06, 2021


Napa Market

The city of Napa in Napa County has a population of 78,130. The median rent in Napa County for a 2 bedroom is $2,203. The median Napa resident is 39 years old with a yearly income of $37,801. The average family has 3.39 members and a median household income of $84,043. Napa has a 34% higher education rate. The unemployment rate in Napa is 4.4%.


Population
78,130 people

County
Napa County

Renters

41.7% of Napa households are renters.


Rent Burden

33.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Napa County 1
California 2
National 2
Studio $1,454 $1,137 $737
1 bedroom $1,672 $1,291 $813
2 bedroom $2,203 $1,635 $1,015
3 bedroom $3,085 $2,254 $1,325
4 bedroom $3,096 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Napa Demographics


Median Individual Income
$37,801 / year

Median Household Income
$84,043 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.4%
Household Income Distribution
Napa, CA

Median Age
39 years

Avg Family Size
3.39 people
Age Distribution
Napa, CA

College Education or Above
34%

STEM College Graduates
46%
Education Distribution
Napa, CA
Source: U.S. Census Bureau

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