Concord, California
Concord Apartment Loans in 2026
Because a 5% city rent cap covers Concord's older complexes, Concord apartment loans begin with the rent roll, the building's age and the date on its certificate of occupancy. Financing starts at $1,500,000 and runs to 80% LTV; pricing on a fully leased, stabilized property can begin at 6.14%. Our California multifamily loans page handles larger communities, California apartment loans the rest of the state, and our commercial mortgage rates page today's pricing by program. We put each file to banks, the agencies, HUD, conduit lenders and bridge funds, and the borrower pays nothing to apply.
Get a Free QuoteFlat East Bay Payrolls and a Balanced Rental Market Around Concord
Payrolls in the Oakland-Fremont-Berkeley metropolitan division, the Alameda and Contra Costa County division that contains Concord, stood at 1,182,400 in September 2026, level with a year earlier in preliminary, unadjusted BLS data. Government (up 3.4%) and BLS's education and health services group (up 2.1%) grew, while information fell 9.1%, construction 6.1% and manufacturing 5.2%.
HUD's two-county study, current as of January 1, 2025, judged rentals balanced. Contra Costa County holds about a quarter of the area's apartments, and its vacancy fell a full percentage point in the year to late 2024, to 5.5%, under Alameda County's 7.2%. HUD forecast demand for 11,600 more rentals by January 1, 2028, with 5,375 units then under construction.
Concord Rents, East Bay Employers and the Weapons Station Plan
RentCafe's data, spanning every Concord property of 50 or more units, put the October 2026 average at $2,349, a gain of 0.47% over twelve months; one-bedroom apartments averaged $2,058, two-bedrooms $2,553. Antioch ($2,133) and Walnut Creek ($2,761) bracket that figure, and renters occupy 38% of Concord's households.
HUD's two-county employer table, from a 2022 East Bay list, gives John Muir Health 6,300 workers, and the state's 2024 employer database places its Concord medical center in the city; the City's draft Consolidated Plan still calls Downtown Concord, where Bank of America built offices beside BART in the 1980s, an office node. At the former Naval Weapons Station, Brookfield's term sheet for 12,200 homes won Council acceptance in March 2024, and Navy price and payment terms for about 2,422 acres won unanimous approval in May 2026, pending Navy review. A Concord apartment loan rests on current collections, not that buildout.
Concord Apartment Loan Rates
Rates updated as of October 30, 2026
Concord complexes built before February 1995 sit under the city's 5% cap, so these best-case figures assume a compliant rent roll and Rent Registry filings that are up to date.
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.54% | Up to 80% |
| 7 Year Fixed | 6.57% | Up to 80% |
| 10 Year Fixed | 6.61% | Up to 80% |
- Cash-out refinances are acceptable
- Interest-only and non-recourse options
- Minimum 1.25x debt-service-coverage ratio
See Concord Multifamily Rates Over $6 Million, Starting at 6.14%
Rates last updated October 30, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
Concord's Planning Subareas and the Neighborhoods Inside Them
Concord's 2030 General Plan, adopted in 2007, divides the city into eleven planning subareas. Four Corners/Ygnacio Valley, residential land on both sides of the Monument Boulevard business corridor, includes Ellis Lake, Meadow Homes and Colony Park, and the City's draft Consolidated Plan puts a high-density housing area along the Monument Corridor, the triangle of Monument Boulevard, Clayton Road and Highway 242. Olivera/Port Chicago holds Sun Terrace, Holbrook and North Todos Santos, which the plan calls the city's oldest and most historically significant neighborhood. Turtle Creek and Dana Estates sit in the Clayton Valley subarea, and the Safety chapter lists Clayton Valley among Concord's high to very high liquefaction areas.
Inside Concord, our lending reaches these neighborhoods; Clayton, a separate city, is covered too:
- Downtown
- Todos Santos
- North Todos Santos
- Sun Terrace
- Holbrook Heights
- Hillcrest
- Meadow Homes
- Ellis Lake
- Cambridge
- Colony Park
- Four Corners
- Ygnacio Valley
- Bishop Estates
- Dana Estates
- Turtle Creek
- Canterbury
- Crossings/Walnut Country
- Clayton Valley Highlands
Concord Apartment Programs Under and Outside the City Cap
Pre-1995 complexes carry the city's 5% cap and newer ones do not, a difference every lender below weighs on a Concord file:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.54% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.60% | Up to 80% | $2M to $10M small balance |
| FHA / HUD | 6.74% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.50% | Up to 75% | Flexible, value-add |
| Bridge | 9.00% | Up to 80% LTC | Reposition, lease-up |
The usual coverage floor is 1.25x, and on a capped Concord complex lenders measure it against rents held to a 5% yearly increase. Higher loan amounts belong on California multifamily loans.
Rates last updated October 30, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
Concord's Rent Ordinance, Inspection Cycle, Tax Rate and Fault Zone
A flat 5% cap since 2025. Rent stabilization, adopted March 5, 2024, took effect April 19, 2024, once a referendum drive failed. Amendments effective May 22, 2025 replaced the first formula (3% or 60% of CPI, whichever was lower) with a flat limit: Municipal Code Section 19.40.040 allows one increase per 12 months of no more than five percent of the prior year's lawful rent, and an increase not taken between August 1 and July 31 is waived. It covers multifamily complexes built before February 1995.
Newer units and state law. Units with occupancy certificates dated after February 1, 1995, the Costa-Hawkins line in Civil Code 1954.52, escape the cap but not just cause; rented houses and condos need just cause only when one landlord rents three or more in Concord. Beyond the local cap, Contra Costa's state ceiling is 8.8% for increases from August 1, 2026 on housing past its first 15 years. Displacing an apartment tenant without fault costs at least three times the HUD fair market rent for a comparable unit plus a $3,000 moving stipend, and penalties run $2,000 to $5,000 per violation.
Registry and inspection fees. All Concord landlords register yearly; fiscal 2025-26 fees were $78 per fully covered unit, $50 per partially covered unit and $33 per registry-only unit. Parcels carrying four or more rental units also fall under the Multi-Family Rental Housing Inspection Program, adopted March 7, 2000, which inspects on a two-year cycle and bills $128 per unit a year, or $45 when self-certified, under fees adopted April 28, 2026.
Transfer tax and the 2025-26 rate. Chicago Title's 2026 guide shows Contra Costa County charging $1.10 per $1,000 in documentary transfer tax, by custom a seller cost, with city taxes only in Richmond and El Cerrito, not Concord. The County's 2025-26 rate for tax rate area 02001 in Concord is 1.1023% of assessed value, the 1% levy plus BART, Mt. Diablo Unified, community college and regional park bonds, so a $4,000,000 purchase, reassessed at sale under Prop 13, would carry roughly $44,092 in yearly tax. A trustee's sale follows the timetable in Civil Code 2924.
Fault zone, fire map and creeks. The General Plan says the active Concord fault bisects the city, with an Alquist-Priolo Earthquake Fault Zone about 1,000 to 2,500 feet wide. A City map dated February 24, 2025 charts the State Fire Marshal's fire hazard severity zones for Concord's local responsibility area, and the General Plan rates the Los Medanos Hills and Mt. Diablo foothills a moderate fire hazard. A May 2026 City report counts two FEMA repetitive-loss properties, in areas whose last recorded flood came in 1983. Government-backed loans in zones beginning with A or V need flood insurance, and the NFIP's building coverage cap for five or more units is $500,000.
Financing Options in Concord
A capped complex near the Monument Corridor, a newer building close to BART and a Willow Pass Road storefront each start on a different page:
Beyond Contra Costa County, California apartment loans links each of our other California markets.
Concord Refinance Planning Around the City Cap and Rent Registry
On a capped building, lenders project income through the ordinance: a single increase capped at 5% every 12 months, with any increase skipped in the August-to-July year lost. RentCafe's large-building average gained just 0.47% in the year to October 1, 2026, far below that ceiling. Refinancing without a change in ownership triggers no Prop 13 reassessment, so the assessed value keeps its 2% annual limit.
Lenders will also check this year's Rent Registry filing, the inspection fees and any pending no-fault termination, which carries relocation costs.
Concord Apartment Building Loans for Capped, Exempt and Transit-Area Properties
Census figures for 2019-2023 in the City's draft Consolidated Plan date 60.8% of Concord's renter-occupied homes to 1950 through 1979 and only 7.4% after 1999. We finance:
- Pre-1995 apartment complexes under the 5% cap
- Post-1995 buildings outside the rent cap
- High-density complexes in the Monument Corridor
- Mixed-use buildings near Concord BART
- Affordable and income-restricted properties
- Portfolios mixing rented houses with larger buildings
Agency and HUD Routes for Concord Multifamily Properties
Agency execution through Fannie Mae or Freddie Mac reaches 80% LTV, runs as long as 30 years and limits recourse to standard carve-outs. Banks tailor terms and often require recourse, and conduit (CMBS) lenders do not. HUD's FHA programs amortize longest: Risk Share loans under Fannie Mae's FHA term sheet can pay down fully over up to 40 years. Each will ask which units fall under Chapter 19.40.
Details for bigger Concord properties are on California multifamily loans; the agencies are covered separately under Fannie Mae lending and Freddie Mac apartment financing.
California Multifamily Loan Rates
For larger balances, over $6 million
Concord Storefront, Office and Industrial Property Loans
Concord investors with Willow Pass Road storefronts or industrial space north of Highway 4 get the same multi-lender treatment:
Nearby Apartment Loan Markets
Oakland, San Francisco and San Jose have their own pages, as do other California cities and markets in other states:
Los Angeles · San Jose · Sacramento · Lancaster · Stockton · Long Beach · Oakland · Pasadena · Riverside · San Bernardino · San Diego · San Francisco · Fresno · All California · Other U.S. cities
Recent Apartment Loan Closings
Recent loans placed for clients in other states appear below; several lenders competed for each one, the treatment every Concord request receives.
What Our Clients Say
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Gary M. · Portland, OR“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet Your Concord Apartment Loan Quote
A Concord file is ready for lenders once we have the rent roll marked by Chapter 19.40 status, twelve months of operating statements, Rent Registry and inspection fee receipts, the latest Contra Costa County tax bill and insurance declarations.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up