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Multifamily Loans in
San Marcos, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in San Marcos, CA

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

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.19%
7 Year Fixed 3.42% - 4.00%
10 Year Fixed 3.46% - 3.95%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.24% - 3.74%
7 Year Fixed 3.12% - 3.70%
10 Year Fixed 3.16% - 3.65%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in San Marcos 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 Jan 29, 2022


Multifamily Lenders in San Marcos, CA

All major multifamily lender types are lending in San Marcos.


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 Jan 29, 2022


San Marcos Market

The city of San Marcos in San Diego County has a population of 96,664. The median rent in San Diego County for a 2 bedroom is $2,254. The median San Marcos resident is 36 years old with a yearly income of $31,594. The average family has 3.61 members and a median household income of $78,797. San Marcos has a 37% higher education rate. The unemployment rate in San Marcos is 3.9%.


Population
96,664 people

County
San Diego County

Renters

37.7% of San Marcos households are renters.


Rent Burden

37.6% 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 Marcos Demographics


Median Individual Income
$31,594 / year

Median Household Income
$78,797 / year

Families w/ Dual Incomes
58%

Unemployment Rate
3.9%
Household Income Distribution
San Marcos, CA

Median Age
36 years

Avg Family Size
3.61 people
Age Distribution
San Marcos, CA

College Education or Above
37%

STEM College Graduates
50%
Education Distribution
San Marcos, CA
Source: U.S. Census Bureau

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