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Multifamily Loans in
Paramount, CA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Paramount, CA

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

All major multifamily lender types are lending in Paramount.


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


Paramount Market

The city of Paramount in Los Angeles County has a population of 53,955. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Paramount resident is 31 years old with a yearly income of $23,567. The average family has 4.21 members and a median household income of $55,670. Paramount has a 11% higher education rate. The unemployment rate in Paramount is 5.3%.


Population
53,955 people

County
Los Angeles County

Renters

59% of Paramount households are renters.


Rent Burden

35.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Paramount Demographics


Median Individual Income
$23,567 / year

Median Household Income
$55,670 / year

Families w/ Dual Incomes
58%

Unemployment Rate
5.3%
Household Income Distribution
Paramount, CA

Median Age
31 years

Avg Family Size
4.21 people
Age Distribution
Paramount, CA

College Education or Above
11%

STEM College Graduates
40%
Education Distribution
Paramount, CA
Source: U.S. Census Bureau

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