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Multifamily Loans in
San Lorenzo, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in San Lorenzo, CA

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

All major multifamily lender types are lending in San Lorenzo.


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 Lorenzo Market

The city of San Lorenzo in Alameda County has a population of 25,569. The median rent in Alameda County for a 2 bedroom is $2,641. The median San Lorenzo resident is 40 years old with a yearly income of $39,904. The average family has 3.72 members and a median household income of $97,286. San Lorenzo has a 25% higher education rate. The unemployment rate in San Lorenzo is 4.7%.


Population
25,569 people

County
Alameda County

Renters

26% of San Lorenzo households are renters.


Rent Burden

28.8% 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 Lorenzo Demographics


Median Individual Income
$39,904 / year

Median Household Income
$97,286 / year

Families w/ Dual Incomes
64%

Unemployment Rate
4.7%
Household Income Distribution
San Lorenzo, CA

Median Age
40 years

Avg Family Size
3.72 people
Age Distribution
San Lorenzo, CA

College Education or Above
25%

STEM College Graduates
47%
Education Distribution
San Lorenzo, CA
Source: U.S. Census Bureau

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