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Multifamily Loans in
Petaluma, CA

Overview

Petaluma is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Petaluma are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Petaluma are slightly higher than the national average. Petaluma apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Petaluma.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Petaluma, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Petaluma 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Petaluma 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 03, 2021


Multifamily Lenders in Petaluma, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Petaluma.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 03, 2021


Petaluma Market

The city of Petaluma in Sonoma County has a population of 60,520. The median rent in Sonoma County for a 2 bedroom is $2,179. The median Petaluma resident is 42 years old with a yearly income of $41,011. The average family has 3.2 members and a median household income of $91,528. Petaluma has a 40% higher education rate. The unemployment rate in Petaluma is 4.0%.


Population
60,520 people

County
Sonoma County

Renters

34.1% of Petaluma households are renters.


Rent Burden

33.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sonoma County 1
California 2
National 2
Studio $1,462 $1,137 $737
1 bedroom $1,658 $1,291 $813
2 bedroom $2,179 $1,635 $1,015
3 bedroom $3,084 $2,254 $1,325
4 bedroom $3,553 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Petaluma Demographics


Median Individual Income
$41,011 / year

Median Household Income
$91,528 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.0%
Household Income Distribution
Petaluma, CA

Median Age
42 years

Avg Family Size
3.2 people
Age Distribution
Petaluma, CA

College Education or Above
40%

STEM College Graduates
46%
Education Distribution
Petaluma, CA
Source: U.S. Census Bureau

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