South Lake Tahoe is located in a good market for 5+ unit multifamily loans. Multifamily loans in South Lake Tahoe are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in South Lake Tahoe are competitive. South Lake Tahoe 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 South Lake Tahoe.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Lake Tahoe 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.18% - 5.42% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in South Lake Tahoe.
The city of South Lake Tahoe in El Dorado County has a population of 22,197. The median rent in El Dorado County for a 2 bedroom is $1,606. The median South Lake Tahoe resident is 37 years old with a yearly income of $26,445. The average family has 3.16 members and a median household income of $49,390. South Lake Tahoe has a 24% higher education rate. The unemployment rate in South Lake Tahoe is 7.3%.
59% of South Lake Tahoe households are renters.
31% median household income spent on rent.
Bedrooms |
El Dorado County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,138 | $1,137 | $737 |
| 1 bedroom | $1,276 | $1,291 | $813 |
| 2 bedroom | $1,606 | $1,635 | $1,015 |
| 3 bedroom | $2,298 | $2,254 | $1,325 |
| 4 bedroom | $2,781 | $2,613 | $1,521 |
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