Rancho Palos Verdes is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Rancho Palos Verdes are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Rancho Palos Verdes are some of the lowest nationally. Rancho Palos Verdes 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 Rancho Palos Verdes.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rancho Palos Verdes are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Rancho Palos Verdes.
The city of Rancho Palos Verdes in Los Angeles County has a population of 41,530. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Rancho Palos Verdes resident is 50 years old with a yearly income of $56,853. The average family has 3.15 members and a median household income of $138,557. Rancho Palos Verdes has a 68% higher education rate. The unemployment rate in Rancho Palos Verdes is 4.0%.
22% of Rancho Palos Verdes households are renters.
37.7% median household income spent on rent.
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 |
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