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Multifamily Loans in
Santa Clara, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Santa Clara, CA

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

All major multifamily lender types are lending in Santa Clara.


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


Santa Clara Market

The city of Santa Clara in Santa Clara County has a population of 130,365. The median rent in Santa Clara County for a 2 bedroom is $3,223. The median Santa Clara resident is 34 years old with a yearly income of $50,677. The average family has 3.21 members and a median household income of $126,006. Santa Clara has a 60% higher education rate. The unemployment rate in Santa Clara is 3.7%.


Population
130,365 people

County
Santa Clara County

Renters

57.1% of Santa Clara households are renters.


Rent Burden

26.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Santa Clara County 1
California 2
National 2
Studio $2,354 $1,137 $737
1 bedroom $2,702 $1,291 $813
2 bedroom $3,223 $1,635 $1,015
3 bedroom $4,209 $2,254 $1,325
4 bedroom $4,852 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Santa Clara Demographics


Median Individual Income
$50,677 / year

Median Household Income
$126,006 / year

Families w/ Dual Incomes
60%

Unemployment Rate
3.7%
Household Income Distribution
Santa Clara, CA

Median Age
34 years

Avg Family Size
3.21 people
Age Distribution
Santa Clara, CA

College Education or Above
60%

STEM College Graduates
69%
Education Distribution
Santa Clara, CA
Source: U.S. Census Bureau

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