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Multifamily Loans in
Shafter, CA

Overview

Shafter is located in a good market for 5+ unit multifamily loans. Multifamily loans in Shafter are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Shafter are competitive. Shafter 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 Shafter.

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Shafter, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shafter 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 3.29% - 3.52%
7 Year Fixed 3.18% - 3.42%
10 Year Fixed 3.59% - 3.83%
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 3.51% - 4.01%
7 Year Fixed 3.64% - 4.34%
10 Year Fixed 3.58% - 4.23%
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 Shafter 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 Shafter, CA

All major multifamily lender types are lending in Shafter.


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


Shafter Market

The city of Shafter in Kern County has a population of 20,401. The median rent in Kern County for a 2 bedroom is $1,039. The median Shafter resident is 27 years old with a yearly income of $21,226. The average family has 4.13 members and a median household income of $45,854. Shafter has a 10% higher education rate. The unemployment rate in Shafter is 9.1%.


Population
20,401 people

County
Kern County

Renters

44.9% of Shafter households are renters.


Rent Burden

36.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Kern County 1
California 2
National 2
Studio $786 $1,137 $737
1 bedroom $796 $1,291 $813
2 bedroom $1,039 $1,635 $1,015
3 bedroom $1,487 $2,254 $1,325
4 bedroom $1,799 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Shafter Demographics


Median Individual Income
$21,226 / year

Median Household Income
$45,854 / year

Families w/ Dual Incomes
50%

Unemployment Rate
9.1%
Household Income Distribution
Shafter, CA

Median Age
27 years

Avg Family Size
4.13 people
Age Distribution
Shafter, CA

College Education or Above
10%

STEM College Graduates
36%
Education Distribution
Shafter, CA
Source: U.S. Census Bureau

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