Loading...

Multifamily Loans in
Riverbank, CA

Overview

Riverbank is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Riverbank are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Riverbank are slightly higher than the national average. Riverbank apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Riverbank.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Riverbank, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.43% - 3.67%
7 Year Fixed 3.27% - 3.51%
10 Year Fixed 3.68% - 3.92%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.56% - 4.06%
7 Year Fixed 3.69% - 4.39%
10 Year Fixed 3.63% - 4.28%
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 Riverbank 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 Riverbank, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Riverbank.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Jan 29, 2022


Riverbank Market

The city of Riverbank in Stanislaus County has a population of 24,881. The median rent in Stanislaus County for a 2 bedroom is $1,296. The median Riverbank resident is 33 years old with a yearly income of $30,376. The average family has 3.78 members and a median household income of $70,549. Riverbank has a 14% higher education rate. The unemployment rate in Riverbank is 6.8%.


Population
24,881 people

County
Stanislaus County

Renters

33.4% of Riverbank households are renters.


Rent Burden

30.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Stanislaus County 1
California 2
National 2
Studio $942 $1,137 $737
1 bedroom $1,045 $1,291 $813
2 bedroom $1,296 $1,635 $1,015
3 bedroom $1,835 $2,254 $1,325
4 bedroom $2,153 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Riverbank Demographics


Median Individual Income
$30,376 / year

Median Household Income
$70,549 / year

Families w/ Dual Incomes
55%

Unemployment Rate
6.8%
Household Income Distribution
Riverbank, CA

Median Age
33 years

Avg Family Size
3.78 people
Age Distribution
Riverbank, CA

College Education or Above
14%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day