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Multifamily Loans in
West Hollywood, CA

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in West Hollywood, CA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in West Hollywood 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 3.04% - 3.28%
7 Year Fixed 3.15% - 3.39%
10 Year Fixed 3.38% - 3.62%
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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 West Hollywood 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 West Hollywood, CA

All major multifamily lender types are lending in West Hollywood.


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 03, 2021


West Hollywood Market

The city of West Hollywood in Los Angeles County has a population of 36,475. The median rent in Los Angeles County for a 2 bedroom is $2,238. The median West Hollywood resident is 39 years old with a yearly income of $50,401. The average family has 2.36 members and a median household income of $74,044. West Hollywood has a 62% higher education rate. The unemployment rate in West Hollywood is 5.3%.


Population
36,475 people

County
Los Angeles County

Renters

80.9% of West Hollywood households are renters.


Rent Burden

29.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Los Angeles County 1
California 2
National 2
Studio $1,488 $1,137 $737
1 bedroom $1,746 $1,291 $813
2 bedroom $2,238 $1,635 $1,015
3 bedroom $2,974 $2,254 $1,325
4 bedroom $3,243 $2,613 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

West Hollywood Demographics


Median Individual Income
$50,401 / year

Median Household Income
$74,044 / year

Families w/ Dual Incomes
63%

Unemployment Rate
5.3%
Household Income Distribution
West Hollywood, CA

Median Age
39 years

Avg Family Size
2.36 people
Age Distribution
West Hollywood, CA

College Education or Above
62%

STEM College Graduates
35%
Education Distribution
West Hollywood, CA
Source: U.S. Census Bureau

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