Loading...

Multifamily Loans in
South El Monte, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in South El Monte, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South El Monte 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 $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 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
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 South El Monte 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 South El Monte, CA

All major multifamily lender types are lending in South El Monte.


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


South El Monte Market

The city of South El Monte in Los Angeles County has a population of 20,574. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median South El Monte resident is 34 years old with a yearly income of $22,567. The average family has 4.4 members and a median household income of $52,204. South El Monte has a 11% higher education rate. The unemployment rate in South El Monte is 5.8%.


Population
20,574 people

County
Los Angeles County

Renters

49.2% of South El Monte households are renters.


Rent Burden

41.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South El Monte Demographics


Median Individual Income
$22,567 / year

Median Household Income
$52,204 / year

Families w/ Dual Incomes
54%

Unemployment Rate
5.8%
Household Income Distribution
South El Monte, CA

Median Age
34 years

Avg Family Size
4.4 people
Age Distribution
South El Monte, CA

College Education or Above
11%

STEM College Graduates
52%
Education Distribution
South El Monte, 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