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Multifamily Loans in
Suisun City, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Suisun City, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Suisun City 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 $6M
5 Year Fixed 3.56% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.61% - 3.85%
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®
$6M to $100M
5 Year Fixed 3.08% - 3.33%
7 Year Fixed 3.24% - 3.69%
10 Year Fixed 3.30% - 3.70%
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 Suisun City 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 Suisun City, CA

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


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 Dec 06, 2021


Suisun City Market

The city of Suisun City in Solano County has a population of 29,663. The median rent in Solano County for a 2 bedroom is $1,767. The median Suisun City resident is 34 years old with a yearly income of $34,381. The average family has 3.57 members and a median household income of $83,320. Suisun City has a 22% higher education rate. The unemployment rate in Suisun City is 5.6%.


Population
29,663 people

County
Solano County

Renters

37.9% of Suisun City households are renters.


Rent Burden

32.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Solano County 1
California 2
National 2
Studio $1,300 $1,137 $737
1 bedroom $1,477 $1,291 $813
2 bedroom $1,767 $1,635 $1,015
3 bedroom $2,529 $2,254 $1,325
4 bedroom $3,059 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Suisun City Demographics


Median Individual Income
$34,381 / year

Median Household Income
$83,320 / year

Families w/ Dual Incomes
62%

Unemployment Rate
5.6%
Household Income Distribution
Suisun City, CA

Median Age
34 years

Avg Family Size
3.57 people
Age Distribution
Suisun City, CA

College Education or Above
22%

STEM College Graduates
48%
Education Distribution
Suisun City, CA
Source: U.S. Census Bureau

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