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Multifamily Loans in
Simi Valley, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Simi Valley, CA

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

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


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


Simi Valley Market

The city of Simi Valley in Ventura County has a population of 125,613. The median rent in Ventura County for a 2 bedroom is $2,102. The median Simi Valley resident is 41 years old with a yearly income of $39,900. The average family has 3.44 members and a median household income of $99,151. Simi Valley has a 34% higher education rate. The unemployment rate in Simi Valley is 4.5%.


Population
125,613 people

County
Ventura County

Renters

27.8% of Simi Valley households are renters.


Rent Burden

37.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Ventura County 1
California 2
National 2
Studio $1,387 $1,137 $737
1 bedroom $1,660 $1,291 $813
2 bedroom $2,102 $1,635 $1,015
3 bedroom $2,940 $2,254 $1,325
4 bedroom $3,486 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Simi Valley Demographics


Median Individual Income
$39,900 / year

Median Household Income
$99,151 / year

Families w/ Dual Incomes
61%

Unemployment Rate
4.5%
Household Income Distribution
Simi Valley, CA

Median Age
41 years

Avg Family Size
3.44 people
Age Distribution
Simi Valley, CA

College Education or Above
34%

STEM College Graduates
47%
Education Distribution
Simi Valley, CA
Source: U.S. Census Bureau

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