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Multifamily Loans in
Redondo Beach, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Redondo Beach, CA

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

All major multifamily lender types are lending in Redondo Beach.


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


Redondo Beach Market

The city of Redondo Beach in Los Angeles County has a population of 66,749. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median Redondo Beach resident is 41 years old with a yearly income of $61,659. The average family has 3.08 members and a median household income of $113,499. Redondo Beach has a 61% higher education rate. The unemployment rate in Redondo Beach is 3.8%.


Population
66,749 people

County
Los Angeles County

Renters

48.1% of Redondo Beach households are renters.


Rent Burden

26.3% 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

Redondo Beach Demographics


Median Individual Income
$61,659 / year

Median Household Income
$113,499 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.8%
Household Income Distribution
Redondo Beach, CA

Median Age
41 years

Avg Family Size
3.08 people
Age Distribution
Redondo Beach, CA

College Education or Above
61%

STEM College Graduates
49%
Education Distribution
Redondo Beach, CA
Source: U.S. Census Bureau

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