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.
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 | 6.74% - 7.48% |
| 7 Year Fixed | 6.70% - 7.21% |
| 10 Year Fixed | 6.71% - 7.11% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.54% - 7.28% |
| 7 Year Fixed | 6.50% - 7.01% |
| 10 Year Fixed | 6.51% - 6.91% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Walnut Creek.
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%.
35.5% of Walnut Creek households are renters.
29.2% median household income spent on rent.
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 |
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