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Multifamily Loans in
South San Francisco, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in South San Francisco, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South San Francisco are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.54% - 4.24%
7 Year Fixed 3.48% - 4.18%
10 Year Fixed 3.59% - 4.29%
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 3.14% - 3.84%
7 Year Fixed 3.08% - 3.78%
10 Year Fixed 3.19% - 3.89%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in South San Francisco 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 03, 2021


Multifamily Lenders in South San Francisco, CA

All major multifamily lender types are lending in South San Francisco.


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 03, 2021


South San Francisco Market

The city of South San Francisco in San Mateo County has a population of 67,789. The median rent in San Mateo County for a 2 bedroom is $3,700. The median South San Francisco resident is 40 years old with a yearly income of $41,065. The average family has 3.49 members and a median household income of $105,459. South San Francisco has a 36% higher education rate. The unemployment rate in South San Francisco is 3.0%.


Population
67,789 people

County
San Mateo County

Renters

38.8% of South San Francisco households are renters.


Rent Burden

31.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Mateo County 1
California 2
National 2
Studio $2,447 $1,137 $737
1 bedroom $3,044 $1,291 $813
2 bedroom $3,700 $1,635 $1,015
3 bedroom $4,756 $2,254 $1,325
4 bedroom $5,176 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South San Francisco Demographics


Median Individual Income
$41,065 / year

Median Household Income
$105,459 / year

Families w/ Dual Incomes
68%

Unemployment Rate
3.0%
Household Income Distribution
South San Francisco, CA

Median Age
40 years

Avg Family Size
3.49 people
Age Distribution
South San Francisco, CA

College Education or Above
36%

STEM College Graduates
51%
Education Distribution
South San Francisco, CA
Source: U.S. Census Bureau

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