San Lorenzo is located in a strong market for 5+ unit multifamily loans. Multifamily loans in San Lorenzo are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in San Lorenzo are some of the lowest nationally. San Lorenzo 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 San Lorenzo.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Lorenzo are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.71% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in San Lorenzo.
The city of San Lorenzo in Alameda County has a population of 25,569. The median rent in Alameda County for a 2 bedroom is $2,641. The median San Lorenzo resident is 40 years old with a yearly income of $39,904. The average family has 3.72 members and a median household income of $97,286. San Lorenzo has a 25% higher education rate. The unemployment rate in San Lorenzo is 4.7%.
26% of San Lorenzo households are renters.
28.8% median household income spent on rent.
Bedrooms |
Alameda 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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