Loading...

Multifamily Loans in
Pasadena, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Pasadena, CA

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

All major multifamily lender types are lending in Pasadena.


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


Pasadena Market

The city of Pasadena in Los Angeles County has a population of 141,029. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Pasadena resident is 39 years old with a yearly income of $39,549. The average family has 3.26 members and a median household income of $83,068. Pasadena has a 52% higher education rate. The unemployment rate in Pasadena is 4.2%.


Population
141,029 people

County
Los Angeles County

Renters

58% of Pasadena households are renters.


Rent Burden

32.5% 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

Pasadena Demographics


Median Individual Income
$39,549 / year

Median Household Income
$83,068 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.2%
Household Income Distribution
Pasadena, CA

Median Age
39 years

Avg Family Size
3.26 people
Age Distribution
Pasadena, CA

College Education or Above
52%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day