Thousand Oaks is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Thousand Oaks are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Thousand Oaks are slightly higher than the national average. Thousand Oaks 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 Thousand Oaks.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Thousand Oaks 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Thousand Oaks.
The city of Thousand Oaks in Ventura County has a population of 126,813. The median rent in Ventura County for a 2 bedroom is $2,102. The median Thousand Oaks resident is 44 years old with a yearly income of $44,595. The average family has 3.3 members and a median household income of $109,378. Thousand Oaks has a 51% higher education rate. The unemployment rate in Thousand Oaks is 4.5%.
29.9% of Thousand Oaks households are renters.
34.3% median household income spent on rent.
Bedrooms |
Ventura County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,387 | $1,137 | $737 |
| 1 bedroom | $1,660 | $1,291 | $813 |
| 2 bedroom | $2,102 | $1,635 | $1,015 |
| 3 bedroom | $2,940 | $2,254 | $1,325 |
| 4 bedroom | $3,486 | $2,613 | $1,521 |
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