Alafaya is located in a good market for 5+ unit multifamily loans. Multifamily loans in Alafaya are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Alafaya are competitive. Alafaya 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 Alafaya.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Alafaya are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Alafaya.
The city of Alafaya in Orange County has a population of 91,068. The median rent in Orange County for a 2 bedroom is $1,422. The median Alafaya resident is 34 years old with a yearly income of $33,151. The average family has 3.47 members and a median household income of $75,307. Alafaya has a 43% higher education rate. The unemployment rate in Alafaya is 4.7%.
37.3% of Alafaya households are renters.
39% median household income spent on rent.
Bedrooms |
Orange County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,135 | $822 | $737 |
| 1 bedroom | $1,227 | $891 | $813 |
| 2 bedroom | $1,422 | $1,089 | $1,015 |
| 3 bedroom | $1,844 | $1,448 | $1,325 |
| 4 bedroom | $2,215 | $1,716 | $1,521 |
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