Multifamily Loans in San Bernardino, California

San Bernardino, California, a city known for its rich history and diverse culture, is also a hotspot for multifamily housing. This city, nestled in the heart of Southern California, boasts a significant number of multifamily properties, making it an ideal location for real estate investment. Our company proudly offers financing services in San Bernardino, catering to all types of multifamily properties. Whether you're looking to invest in a duplex, a large apartment complex, or anything in between, we have the resources and expertise to help you succeed.

San Bernardino's multifamily housing market is as diverse as its population. From luxury apartments in the city center to affordable housing options in the suburbs, there's something for everyone. Our financing services are designed to meet the unique needs of each client, providing flexible and competitive loan options for multifamily properties of all sizes and types. We are committed to supporting the growth and development of San Bernardino's multifamily housing sector.

Economy in Review

San Bernardino's economy is as diverse as its landscape. According to data from the Bureau of Labor Statistics and the U.S. Census Bureau, the city has seen demographic shifts that have influenced its economic conditions. The city has a strong presence in the logistics industry due to its strategic location, with many residents employed in transportation and warehousing. Additionally, retail trade and health care are among the most common types of employment in the area.

San Bernardino is also home to several higher education institutions, including California State University, San Bernardino, and San Bernardino Valley College. These institutions not only provide quality education but also contribute significantly to the local economy. The health care sector is another major player in San Bernardino's economy, with numerous hospitals and health care facilities providing employment opportunities and essential services to the community.

Today's Interest Rates in San Bernardino

Find today's multifamily loan rates for San Bernardino in the table below. These are updated every day to ensure you have the best picture of the financing terms you could get.

Please note that these are benchmark index rates only — every loan product will have a rate that varies depending on the property, the location, the borrower's financial strength and experience, and several other factors.

Our Experts

When it comes to getting a multifamily loan, the sheer number of choices can be daunting. What this really means, however, is that there are incredible opportunities for apartment complex investors regardless of location, property size, or experience level.

Multifamily Loans connects borrowers with lenders across the country who are prepared to offer you highly competitive terms. Whether you're buying, developing, or renovating an apartment building, shopping your loan to multiple lenders — not just the bank or credit union down the street — gives you a huge advantage.

Our experienced team of capital markets advisors will source the very best terms from our unparalleled network of lenders to ensure your property gets the best financing terms available. We offer this service completely free of charge.

Looking for more information about San Bernardino? Read on below. Otherwise, click the button below, and we'll get right back to you with your free multifamily loan quote.

Multifamily Loans in San Bernardino by Purpose

There are many reasons to get a new multifamily loan for a property. I won't cover each of these, but let's talk about the "big three" reasons to get financing: construction, acquisition, and refinancing.

Acquisition Financing for Multifamily Properties in San Bernardino

Buying an apartment building is one of the most common reasons investors consider a multifamily loan. It's also one place many go wrong: Loan terms can directly impact the profitability of an acquisition in a serious way (both positively and negatively).

There are many types of loans that can be used for buying multifamily real estate — and it can be difficult to navigate all differences between Fannie Mae, Freddie Mac, bank, credit union, HUD, and the various other types of loans, but it's a critically important part of the purchasing process. Reach out to our team using the form below to see what's possible.

Construction Loans for Multifamily Properties in San Bernardino

America needs housing, both on a broad level and specifically in San Bernardino. Development costs these days are often eye-wateringly high, though, so getting strong financing in place is absolutely essential to ensure your project turns a profit.

Refinance a Multifamily Property in San Bernardino

Most multifamily loans are only partially amortizing. This means once the loan term is up, the borrower must either pay a rather large "balloon payment" or refinance the loan.

Refinancing can be difficult — especially if you already have a great loan in place with fantastic terms. That's why it's essential to look at all your options across the board. And remember: Even if your interest rate goes up (and sometimes this is unavoidable), there's often great opportunities to boost your investment's returns with a strong refinancing loan. We'll source the best terms available for your multifamily refinance — just drop your details in the form at the bottom, and we'll get to work.

Current Multifamily Loans in San Bernardino

There are a wide range of multifamily financing options in San Bernardino. Keep reading to learn which loan types could be the most suitable for your property.

1. Bank and Credit Union Loans

Loans from banks and credit unions are a diverse bunch. Every institution typically has different preferences when it comes to location, property size, and risk. While it's difficult to give detailed general information about what to expect from a local, regional, or national bank or credit union, loans often require some kind of recourse and (usually) a larger down payment compared to agency loans.

2. Fannie Mae Multifamily Loans

Fannie Mae Multifamily loans offers loans in San Bernardino in various sizes. These financing options offer competitive floating and fixed rates for a variety of uses. See below for the latest rates and terms. Note that the Fannie Small loan is particularly competitive for amounts under $9 million.

3. Freddie Mac Multifamily Loans

Like Fannie Mae, Freddie Mac also offers a wide range of multifamily loans. The GSE's most popular loan for smaller investors, the Freddie Mac Small Balance Loan, is a great option for those seeking non-recourse financing for amounts of under $7.5 million, and there are many other Freddie loans that cover everything from student housing to mobile home parks.

4. HUD Multifamily Loans

While you might associate HUD with affordable and Section 8 housing projects, the U.S. Department of Housing and Urban Development backs several loans in San Bernardino with incredibly strong terms — and they work wonders for market-rate properties.

Take the HUD 221(d)(4) loan, for example. This construction financing is hard to beat, thanks to fully amortizing terms of 40+ years, a low, fixed rate, and high leverage allowances.

HUD's 223(f) loan is equally impressive: a great acquisition or refinancing option that offers a fixed rate, full amortization, and leverage of up to 83.3% for market-rate (and higher for affordable) properties.

5. Bridge Loans

If you're after short-term financing for a multifamily property, a bridge loan could be a great option. These loans do come at a higher cost compared to many others, but the flexibility can make it more than worth it — particularly if your property is still stabilizing.

6. CMBS Loans

Commercial mortgage-backed security loans are asset focused. That means that getting approved for one comes down to the strength of the property, not the borrower. Multifamily CMBS loans often offer leverage up to 75% for eligible properties, and the loans also are non-recourse and (often) are tied to a fixed interest rate.

If you are interested in applying for a multifamily loan in San Bernardino? Put your details in the form below, and we’ll match you with the best lender for your investment strategy.

Multifamily Property Insurance in San Bernardino

Hold up: This part isn't about loans, but it's just as important to your investment's success. Let's talk about insurance. Rather quickly, too — I know it's probably not your favorite topic.

Multifamily insurance costs have shot through the roof during the past couple years, though I don't need to tell you. Some places have seen increases of 200% or more, and even less-affected states and locations have seen costs rise by at least 30% to 50% in a single year.

Janover Insurance Group is dedicated to finding the best insurance solutions for your commercial real estate assets in San Bernardino. Click to get a free insurance quote for your multifamily or other commercial property — there's absolutely no obligation. (And if you're in a homeowners association that could use a better HOA insurance policy, they offer great expertise here as well.)