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Multifamily Loans in
Redwood City, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Redwood City, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.34% - 3.99%
7 Year Fixed 3.22% - 3.80%
10 Year Fixed 3.26% - 3.76%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.04% - 3.69%
7 Year Fixed 2.92% - 3.50%
10 Year Fixed 2.96% - 3.46%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Redwood City 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 Jan 29, 2022


Multifamily Lenders in Redwood City, CA

All major multifamily lender types are lending in Redwood City.


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 Jan 29, 2022


Redwood City Market

The city of Redwood City in San Mateo County has a population of 85,925. The median rent in San Mateo County for a 2 bedroom is $3,700. The median Redwood City resident is 37 years old with a yearly income of $50,050. The average family has 3.29 members and a median household income of $117,123. Redwood City has a 50% higher education rate. The unemployment rate in Redwood City is 2.9%.


Population
85,925 people

County
San Mateo County

Renters

50.2% of Redwood City households are renters.


Rent Burden

31.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Mateo County 1
California 2
National 2
Studio $2,447 $1,137 $737
1 bedroom $3,044 $1,291 $813
2 bedroom $3,700 $1,635 $1,015
3 bedroom $4,756 $2,254 $1,325
4 bedroom $5,176 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Redwood City Demographics


Median Individual Income
$50,050 / year

Median Household Income
$117,123 / year

Families w/ Dual Incomes
63%

Unemployment Rate
2.9%
Household Income Distribution
Redwood City, CA

Median Age
37 years

Avg Family Size
3.29 people
Age Distribution
Redwood City, CA

College Education or Above
50%

STEM College Graduates
58%
Education Distribution
Redwood City, CA
Source: U.S. Census Bureau

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