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Multifamily Loans in
Placentia, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Placentia, CA

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

All major multifamily lender types are lending in Placentia.


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


Placentia Market

The city of Placentia in Orange County has a population of 51,233. The median rent in Orange County for a 2 bedroom is $2,507. The median Placentia resident is 37 years old with a yearly income of $38,980. The average family has 3.5 members and a median household income of $95,757. Placentia has a 39% higher education rate. The unemployment rate in Placentia is 4.1%.


Population
51,233 people

County
Orange County

Renters

34.7% of Placentia households are renters.


Rent Burden

32.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
California 2
National 2
Studio $1,805 $1,137 $737
1 bedroom $2,031 $1,291 $813
2 bedroom $2,507 $1,635 $1,015
3 bedroom $3,470 $2,254 $1,325
4 bedroom $3,997 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Placentia Demographics


Median Individual Income
$38,980 / year

Median Household Income
$95,757 / year

Families w/ Dual Incomes
65%

Unemployment Rate
4.1%
Household Income Distribution
Placentia, CA

Median Age
37 years

Avg Family Size
3.5 people
Age Distribution
Placentia, CA

College Education or Above
39%

STEM College Graduates
45%
Education Distribution
Placentia, CA
Source: U.S. Census Bureau

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