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Multifamily Loans in
San Buenaventura, CA

Overview

San Buenaventura is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in San Buenaventura are considered moderate risk due to market dynamics. Interest rates for multifamily loans in San Buenaventura are slightly higher than the national average. San Buenaventura 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 San Buenaventura.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in San Buenaventura, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Buenaventura 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Buenaventura 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 Buenaventura, CA

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


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 Dec 08, 2021


San Buenaventura Market

The city of San Buenaventura in Ventura County has a population of 109,106. The median rent in Ventura County for a 2 bedroom is $2,102. The median San Buenaventura resident is 40 years old with a yearly income of $36,728. The average family has 3.23 members and a median household income of $78,882. San Buenaventura has a 36% higher education rate. The unemployment rate in San Buenaventura is 4.9%.


Population
109,106 people

County
Ventura County

Renters

45.9% of San Buenaventura households are renters.


Rent Burden

35.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ventura County 1
California 2
National 2
Studio $1,387 $1,137 $737
1 bedroom $1,660 $1,291 $813
2 bedroom $2,102 $1,635 $1,015
3 bedroom $2,940 $2,254 $1,325
4 bedroom $3,486 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Buenaventura Demographics


Median Individual Income
$36,728 / year

Median Household Income
$78,882 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.9%
Household Income Distribution
San Buenaventura, CA

Median Age
40 years

Avg Family Size
3.23 people
Age Distribution
San Buenaventura, CA

College Education or Above
36%

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

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