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Multifamily Loans in
Orange, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Orange, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Orange 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 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 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 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
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 Orange 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 Orange, CA

All major multifamily lender types are lending in Orange.


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


Orange Market

The city of Orange in Orange County has a population of 138,669. The median rent in Orange County for a 2 bedroom is $2,507. The median Orange resident is 35 years old with a yearly income of $36,941. The average family has 3.48 members and a median household income of $91,793. Orange has a 38% higher education rate. The unemployment rate in Orange is 4.4%.


Population
138,669 people

County
Orange County

Renters

42.1% of Orange households are renters.


Rent Burden

34.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
California 2
National 2
Studio $1,805 $1,137 $737
1 bedroom $2,031 $1,291 $813
2 bedroom $2,507 $1,635 $1,015
3 bedroom $3,470 $2,254 $1,325
4 bedroom $3,997 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Orange Demographics


Median Individual Income
$36,941 / year

Median Household Income
$91,793 / year

Families w/ Dual Incomes
59%

Unemployment Rate
4.4%
Household Income Distribution
Orange, CA

Median Age
35 years

Avg Family Size
3.48 people
Age Distribution
Orange, CA

College Education or Above
38%

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

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