Loading...

Multifamily Loans in
Thousand Oaks, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Thousand Oaks, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Thousand Oaks 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 Thousand Oaks 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 Thousand Oaks, CA

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


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 03, 2021


Thousand Oaks Market

The city of Thousand Oaks in Ventura County has a population of 126,813. The median rent in Ventura County for a 2 bedroom is $2,102. The median Thousand Oaks resident is 44 years old with a yearly income of $44,595. The average family has 3.3 members and a median household income of $109,378. Thousand Oaks has a 51% higher education rate. The unemployment rate in Thousand Oaks is 4.5%.


Population
126,813 people

County
Ventura County

Renters

29.9% of Thousand Oaks households are renters.


Rent Burden

34.3% 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

Thousand Oaks Demographics


Median Individual Income
$44,595 / year

Median Household Income
$109,378 / year

Families w/ Dual Incomes
57%

Unemployment Rate
4.5%
Household Income Distribution
Thousand Oaks, CA

Median Age
44 years

Avg Family Size
3.3 people
Age Distribution
Thousand Oaks, CA

College Education or Above
51%

STEM College Graduates
49%
Education Distribution
Thousand Oaks, 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