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Multifamily Loans in
Pico Rivera, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Pico Rivera, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pico Rivera are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Pico Rivera 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 Jan 29, 2022


Multifamily Lenders in Pico Rivera, CA

All major multifamily lender types are lending in Pico Rivera.


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 Jan 29, 2022


Pico Rivera Market

The city of Pico Rivera in Los Angeles County has a population of 62,027. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Pico Rivera resident is 37 years old with a yearly income of $27,307. The average family has 4.21 members and a median household income of $67,636. Pico Rivera has a 13% higher education rate. The unemployment rate in Pico Rivera is 5.1%.


Population
62,027 people

County
Los Angeles County

Renters

31.8% of Pico Rivera households are renters.


Rent Burden

32% 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

Pico Rivera Demographics


Median Individual Income
$27,307 / year

Median Household Income
$67,636 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.1%
Household Income Distribution
Pico Rivera, CA

Median Age
37 years

Avg Family Size
4.21 people
Age Distribution
Pico Rivera, CA

College Education or Above
13%

STEM College Graduates
37%
Education Distribution
Pico Rivera, CA
Source: U.S. Census Bureau

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