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Multifamily Loans in
San Bernardino, CA

Overview

San Bernardino is located in a good market for 5+ unit multifamily loans. Multifamily loans in San Bernardino are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in San Bernardino are competitive. San Bernardino 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 San Bernardino.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in San Bernardino, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Bernardino 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in San Bernardino 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 08, 2021


Multifamily Lenders in San Bernardino, CA

All major multifamily lender types are lending in San Bernardino.


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 08, 2021


San Bernardino Market

The city of San Bernardino in San Bernardino County has a population of 215,784. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median San Bernardino resident is 30 years old with a yearly income of $21,383. The average family has 3.95 members and a median household income of $45,834. San Bernardino has a 12% higher education rate. The unemployment rate in San Bernardino is 9.2%.


Population
215,784 people

County
San Bernardino County

Renters

52.6% of San Bernardino households are renters.


Rent Burden

39.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Bernardino County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Bernardino Demographics


Median Individual Income
$21,383 / year

Median Household Income
$45,834 / year

Families w/ Dual Incomes
48%

Unemployment Rate
9.2%
Household Income Distribution
San Bernardino, CA

Median Age
30 years

Avg Family Size
3.95 people
Age Distribution
San Bernardino, CA

College Education or Above
12%

STEM College Graduates
46%
Education Distribution
San Bernardino, CA
Source: U.S. Census Bureau

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