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Multifamily Loans in
Oakland, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Oakland, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Oakland 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 08, 2021


Multifamily Lenders in Oakland, CA

All major multifamily lender types are lending in Oakland.


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 08, 2021


Oakland Market

The city of Oakland in Alameda County has a population of 433,031. The median rent in Alameda County for a 2 bedroom is $2,641. The median Oakland resident is 37 years old with a yearly income of $36,171. The average family has 3.36 members and a median household income of $73,692. Oakland has a 44% higher education rate. The unemployment rate in Oakland is 6.1%.


Population
433,031 people

County
Alameda County

Renters

59.3% of Oakland households are renters.


Rent Burden

33.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Alameda County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oakland Demographics


Median Individual Income
$36,171 / year

Median Household Income
$73,692 / year

Families w/ Dual Incomes
57%

Unemployment Rate
6.1%
Household Income Distribution
Oakland, CA

Median Age
37 years

Avg Family Size
3.36 people
Age Distribution
Oakland, CA

College Education or Above
44%

STEM College Graduates
51%
Education Distribution
Oakland, CA
Source: U.S. Census Bureau

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