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Multifamily Loans in
National City, CA

Overview

National City is located in a strong market for 5+ unit multifamily loans. Multifamily loans in National City are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in National City are some of the lowest nationally. National City 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 National City.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in National City, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in National City 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 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
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 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
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 National City 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 National City, CA

All major multifamily lender types are lending in National City.


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


National City Market

The city of National City in San Diego County has a population of 61,394. The median rent in San Diego County for a 2 bedroom is $2,254. The median National City resident is 34 years old with a yearly income of $24,647. The average family has 3.87 members and a median household income of $47,119. National City has a 14% higher education rate. The unemployment rate in National City is 6.6%.


Population
61,394 people

County
San Diego County

Renters

64.6% of National City households are renters.


Rent Burden

37.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

National City Demographics


Median Individual Income
$24,647 / year

Median Household Income
$47,119 / year

Families w/ Dual Incomes
50%

Unemployment Rate
6.6%
Household Income Distribution
National City, CA

Median Age
34 years

Avg Family Size
3.87 people
Age Distribution
National City, CA

College Education or Above
14%

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

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