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Multifamily Loans in
Pleasant Hill, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Pleasant Hill, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
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 Pleasant Hill 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 Pleasant Hill, CA

All major multifamily lender types are lending in Pleasant Hill.


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


Pleasant Hill Market

The city of Pleasant Hill in Contra Costa County has a population of 34,839. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Pleasant Hill resident is 41 years old with a yearly income of $57,955. The average family has 3 members and a median household income of $118,947. Pleasant Hill has a 55% higher education rate. The unemployment rate in Pleasant Hill is 3.9%.


Population
34,839 people

County
Contra Costa County

Renters

34.6% of Pleasant Hill households are renters.


Rent Burden

26% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Contra Costa County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pleasant Hill Demographics


Median Individual Income
$57,955 / year

Median Household Income
$118,947 / year

Families w/ Dual Incomes
58%

Unemployment Rate
3.9%
Household Income Distribution
Pleasant Hill, CA

Median Age
41 years

Avg Family Size
3 people
Age Distribution
Pleasant Hill, CA

College Education or Above
55%

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

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