Temescal Valley is located in a good market for 5+ unit multifamily loans. Multifamily loans in Temescal Valley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Temescal Valley are competitive. Temescal Valley 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 Temescal Valley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Temescal Valley 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 Temescal Valley.
The city of Temescal Valley in Riverside County has a population of 27,630. The median rent in Riverside County for a 2 bedroom is $1,506. The median Temescal Valley resident is 38 years old with a yearly income of $42,265. The average family has 3.76 members and a median household income of $108,934. Temescal Valley has a 29% higher education rate. The unemployment rate in Temescal Valley is 5.1%.
16.3% of Temescal Valley households are renters.
32.2% median household income spent on rent.
Bedrooms |
Riverside County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,035 | $1,137 | $737 |
| 1 bedroom | $1,199 | $1,291 | $813 |
| 2 bedroom | $1,506 | $1,635 | $1,015 |
| 3 bedroom | $2,077 | $2,254 | $1,325 |
| 4 bedroom | $2,567 | $2,613 | $1,521 |
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