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Multifamily Loans in
Upland, CA

Overview

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

Get multifamily loan quotes for Dec 06, 2021


Multifamily Loan Rates in Upland, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Upland 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 Upland 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 Upland, CA

All major multifamily lender types are lending in Upland.


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


Upland Market

The city of Upland in San Bernardino County has a population of 77,140. The median rent in San Bernardino County for a 2 bedroom is $1,506. The median Upland resident is 38 years old with a yearly income of $32,285. The average family has 3.32 members and a median household income of $72,782. Upland has a 32% higher education rate. The unemployment rate in Upland is 4.8%.


Population
77,140 people

County
San Bernardino County

Renters

45.1% of Upland households are renters.


Rent Burden

32.7% 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

Upland Demographics


Median Individual Income
$32,285 / year

Median Household Income
$72,782 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.8%
Household Income Distribution
Upland, CA

Median Age
38 years

Avg Family Size
3.32 people
Age Distribution
Upland, CA

College Education or Above
32%

STEM College Graduates
42%
Education Distribution
Upland, CA
Source: U.S. Census Bureau

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