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Multifamily Loans in
Poway, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Poway, CA

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

All major multifamily lender types are lending in Poway.


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


Poway Market

The city of Poway in San Diego County has a population of 49,323. The median rent in San Diego County for a 2 bedroom is $2,254. The median Poway resident is 41 years old with a yearly income of $41,470. The average family has 3.38 members and a median household income of $107,902. Poway has a 48% higher education rate. The unemployment rate in Poway is 5.6%.


Population
49,323 people

County
San Diego County

Renters

25.7% of Poway households are renters.


Rent Burden

32.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Poway Demographics


Median Individual Income
$41,470 / year

Median Household Income
$107,902 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.6%
Household Income Distribution
Poway, CA

Median Age
41 years

Avg Family Size
3.38 people
Age Distribution
Poway, CA

College Education or Above
48%

STEM College Graduates
55%
Education Distribution
Poway, CA
Source: U.S. Census Bureau

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