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Multifamily Loans in
San Diego, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in San Diego, CA

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

All major multifamily lender types are lending in San Diego.


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


San Diego Market

The city of San Diego in San Diego County has a population of 1,423,850. The median rent in San Diego County for a 2 bedroom is $2,254. The median San Diego resident is 35 years old with a yearly income of $36,609. The average family has 3.37 members and a median household income of $79,673. San Diego has a 46% higher education rate. The unemployment rate in San Diego is 5.8%.


Population
1,423,850 people

County
San Diego County

Renters

53.2% of San Diego households are renters.


Rent Burden

34.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Diego County 1
California 2
National 2
Studio $1,569 $1,137 $737
1 bedroom $1,743 $1,291 $813
2 bedroom $2,254 $1,635 $1,015
3 bedroom $3,170 $2,254 $1,325
4 bedroom $3,903 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Diego Demographics


Median Individual Income
$36,609 / year

Median Household Income
$79,673 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.8%
Household Income Distribution
San Diego, CA

Median Age
35 years

Avg Family Size
3.37 people
Age Distribution
San Diego, CA

College Education or Above
46%

STEM College Graduates
54%
Education Distribution
San Diego, CA
Source: U.S. Census Bureau

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