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Multifamily Loans in
San Leandro, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in San Leandro, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in San Leandro 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 03, 2021


Multifamily Lenders in San Leandro, CA

All major multifamily lender types are lending in San Leandro.


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 03, 2021


San Leandro Market

The city of San Leandro in Alameda County has a population of 88,815. The median rent in Alameda County for a 2 bedroom is $2,641. The median San Leandro resident is 41 years old with a yearly income of $36,510. The average family has 3.46 members and a median household income of $78,003. San Leandro has a 32% higher education rate. The unemployment rate in San Leandro is 5.2%.


Population
88,815 people

County
Alameda County

Renters

44.1% of San Leandro households are renters.


Rent Burden

34.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Alameda County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

San Leandro Demographics


Median Individual Income
$36,510 / year

Median Household Income
$78,003 / year

Families w/ Dual Incomes
61%

Unemployment Rate
5.2%
Household Income Distribution
San Leandro, CA

Median Age
41 years

Avg Family Size
3.46 people
Age Distribution
San Leandro, CA

College Education or Above
32%

STEM College Graduates
48%
Education Distribution
San Leandro, CA
Source: U.S. Census Bureau

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