El Paso De Robles is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in El Paso De Robles are considered moderate risk due to market dynamics. Interest rates for multifamily loans in El Paso De Robles are slightly higher than the national average. El Paso De Robles apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in El Paso De Robles.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in El Paso De Robles are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.98% - 6.13% |
| 7 Year Fixed | 6.04% - 6.19% |
| 10 Year Fixed | 6.04% - 6.19% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in El Paso De Robles.
The city of El Paso De Robles in San Luis Obispo County has a population of 32,153. The median rent in San Luis Obispo County for a 2 bedroom is $1,795. The median El Paso De Robles resident is 39 years old with a yearly income of $32,148. The average family has 3.1 members and a median household income of $62,601. El Paso De Robles has a 24% higher education rate. The unemployment rate in El Paso De Robles is 3.5%.
42.7% of El Paso De Robles households are renters.
29% median household income spent on rent.
Bedrooms |
San Luis Obispo County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,257 | $1,137 | $737 |
| 1 bedroom | $1,362 | $1,291 | $813 |
| 2 bedroom | $1,795 | $1,635 | $1,015 |
| 3 bedroom | $2,569 | $2,254 | $1,325 |
| 4 bedroom | $3,101 | $2,613 | $1,521 |
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