Loading...

Multifamily Loans in
Seaside, CA

Overview

Seaside is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Seaside are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Seaside are slightly higher than the national average. Seaside 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 Seaside.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Seaside, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Seaside 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 $6M
5 Year Fixed 3.43% - 3.67%
7 Year Fixed 3.27% - 3.51%
10 Year Fixed 3.68% - 3.92%
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®
$6M to $100M
5 Year Fixed 3.56% - 4.06%
7 Year Fixed 3.69% - 4.39%
10 Year Fixed 3.63% - 4.28%
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 Seaside 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 Seaside, CA

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


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 Jan 29, 2022


Seaside Market

The city of Seaside in Monterey County has a population of 33,748. The median rent in Monterey County for a 2 bedroom is $1,951. The median Seaside resident is 33 years old with a yearly income of $27,336. The average family has 3.69 members and a median household income of $63,575. Seaside has a 23% higher education rate. The unemployment rate in Seaside is 6.1%.


Population
33,748 people

County
Monterey County

Renters

59.7% of Seaside households are renters.


Rent Burden

40.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Monterey County 1
California 2
National 2
Studio $1,467 $1,137 $737
1 bedroom $1,595 $1,291 $813
2 bedroom $1,951 $1,635 $1,015
3 bedroom $2,792 $2,254 $1,325
4 bedroom $3,061 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Seaside Demographics


Median Individual Income
$27,336 / year

Median Household Income
$63,575 / year

Families w/ Dual Incomes
56%

Unemployment Rate
6.1%
Household Income Distribution
Seaside, CA

Median Age
33 years

Avg Family Size
3.69 people
Age Distribution
Seaside, CA

College Education or Above
23%

STEM College Graduates
54%
Education Distribution
Seaside, CA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day