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Multifamily Loans in
Twentynine Palms, CA

Overview

Twentynine Palms is located in a good market for 5+ unit multifamily loans. Multifamily loans in Twentynine Palms are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Twentynine Palms are competitive. Twentynine Palms 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 Twentynine Palms.

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Twentynine Palms, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Twentynine Palms 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 3.37% - 3.61%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.52% - 3.76%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
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 Twentynine Palms 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 Twentynine Palms, CA

All major multifamily lender types are lending in Twentynine Palms.


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


Twentynine Palms Market

The city of Twentynine Palms in San Bernardino County has a population of 26,073. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Twentynine Palms resident is 24 years old with a yearly income of $25,425. The average family has 3.43 members and a median household income of $44,226. Twentynine Palms has a 21% higher education rate. The unemployment rate in Twentynine Palms is 10.4%.


Population
26,073 people

County
San Bernardino County

Renters

67.9% of Twentynine Palms households are renters.


Rent Burden

28.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
San Bernardino County 1
California 2
National 2
Studio $1,035 $1,137 $737
1 bedroom $1,199 $1,291 $813
2 bedroom $1,506 $1,635 $1,015
3 bedroom $2,077 $2,254 $1,325
4 bedroom $2,567 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Twentynine Palms Demographics


Median Individual Income
$25,425 / year

Median Household Income
$44,226 / year

Families w/ Dual Incomes
42%

Unemployment Rate
10.4%
Household Income Distribution
Twentynine Palms, CA

Median Age
24 years

Avg Family Size
3.43 people
Age Distribution
Twentynine Palms, CA

College Education or Above
21%

STEM College Graduates
40%
Education Distribution
Twentynine Palms, CA
Source: U.S. Census Bureau

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