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Multifamily Loans in
Walnut Creek, CA

Overview

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Walnut Creek, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Walnut Creek are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.34% - 3.99%
7 Year Fixed 3.22% - 3.80%
10 Year Fixed 3.26% - 3.76%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.16% - 3.26%
7 Year Fixed 3.10% - 3.34%
10 Year Fixed 3.49% - 3.73%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.04% - 3.69%
7 Year Fixed 2.92% - 3.50%
10 Year Fixed 2.96% - 3.46%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.46% - 3.96%
7 Year Fixed 3.59% - 4.29%
10 Year Fixed 3.53% - 4.18%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 01/28/2022. This is not an offer or commitment to lend. Multifamily loan rates in Walnut Creek 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 Jan 29, 2022


Multifamily Lenders in Walnut Creek, CA

All major multifamily lender types are lending in Walnut Creek.


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 Jan 29, 2022


Walnut Creek Market

The city of Walnut Creek in Contra Costa County has a population of 70,166. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Walnut Creek resident is 48 years old with a yearly income of $55,547. The average family has 2.84 members and a median household income of $105,948. Walnut Creek has a 67% higher education rate. The unemployment rate in Walnut Creek is 3.7%.


Population
70,166 people

County
Contra Costa County

Renters

35.5% of Walnut Creek households are renters.


Rent Burden

29.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Contra Costa County 1
California 2
National 2
Studio $1,768 $1,137 $737
1 bedroom $2,143 $1,291 $813
2 bedroom $2,641 $1,635 $1,015
3 bedroom $3,541 $2,254 $1,325
4 bedroom $4,281 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Walnut Creek Demographics


Median Individual Income
$55,547 / year

Median Household Income
$105,948 / year

Families w/ Dual Incomes
49%

Unemployment Rate
3.7%
Household Income Distribution
Walnut Creek, CA

Median Age
48 years

Avg Family Size
2.84 people
Age Distribution
Walnut Creek, CA

College Education or Above
67%

STEM College Graduates
51%
Education Distribution
Walnut Creek, CA
Source: U.S. Census Bureau

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