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Multifamily Loans in
Pacifica, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Pacifica, CA

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

All major multifamily lender types are lending in Pacifica.


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


Pacifica Market

The city of Pacifica in San Mateo County has a population of 38,546. The median rent in San Mateo County for a 2 bedroom is $3,700. The median Pacifica resident is 43 years old with a yearly income of $51,767. The average family has 3.26 members and a median household income of $125,500. Pacifica has a 46% higher education rate. The unemployment rate in Pacifica is 3.2%.


Population
38,546 people

County
San Mateo County

Renters

29.3% of Pacifica households are renters.


Rent Burden

29.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Mateo County 1
California 2
National 2
Studio $2,447 $1,137 $737
1 bedroom $3,044 $1,291 $813
2 bedroom $3,700 $1,635 $1,015
3 bedroom $4,756 $2,254 $1,325
4 bedroom $5,176 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pacifica Demographics


Median Individual Income
$51,767 / year

Median Household Income
$125,500 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.2%
Household Income Distribution
Pacifica, CA

Median Age
43 years

Avg Family Size
3.26 people
Age Distribution
Pacifica, CA

College Education or Above
46%

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

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