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Multifamily Loans in
Santa Rosa, CA

Overview

Santa Rosa is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Santa Rosa are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Santa Rosa are slightly higher than the national average. Santa Rosa apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Santa Rosa.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Santa Rosa, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Santa Rosa 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Rosa 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 Rosa, CA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Santa Rosa.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 06, 2021


Santa Rosa Market

The city of Santa Rosa in Sonoma County has a population of 176,753. The median rent in Sonoma County for a 2 bedroom is $2,179. The median Santa Rosa resident is 39 years old with a yearly income of $35,182. The average family has 3.24 members and a median household income of $75,630. Santa Rosa has a 33% higher education rate. The unemployment rate in Santa Rosa is 4.7%.


Population
176,753 people

County
Sonoma County

Renters

46% of Santa Rosa households are renters.


Rent Burden

33.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Sonoma County 1
California 2
National 2
Studio $1,462 $1,137 $737
1 bedroom $1,658 $1,291 $813
2 bedroom $2,179 $1,635 $1,015
3 bedroom $3,084 $2,254 $1,325
4 bedroom $3,553 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Santa Rosa Demographics


Median Individual Income
$35,182 / year

Median Household Income
$75,630 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.7%
Household Income Distribution
Santa Rosa, CA

Median Age
39 years

Avg Family Size
3.24 people
Age Distribution
Santa Rosa, CA

College Education or Above
33%

STEM College Graduates
49%
Education Distribution
Santa Rosa, CA
Source: U.S. Census Bureau

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