Loading...

Multifamily Loans in
Apopka, FL

Overview

Apopka is located in a good market for 5+ unit multifamily loans. Multifamily loans in Apopka are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Apopka are competitive. Apopka 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 Apopka.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Apopka, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Apopka are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Apopka may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Apopka, FL

All major multifamily lender types are lending in Apopka.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Apopka Market

The city of Apopka in Orange County has a population of 53,447. The median rent in Orange County for a 2 bedroom is $1,422. The median Apopka resident is 37 years old with a yearly income of $32,026. The average family has 3.54 members and a median household income of $66,057. Apopka has a 28% higher education rate. The unemployment rate in Apopka is 5.5%.


Population
53,447 people

County
Orange County

Renters

28.1% of Apopka households are renters.


Rent Burden

36.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Apopka Demographics


Median Individual Income
$32,026 / year

Median Household Income
$66,057 / year

Families w/ Dual Incomes
59%

Unemployment Rate
5.5%
Household Income Distribution
Apopka, FL

Median Age
37 years

Avg Family Size
3.54 people
Age Distribution
Apopka, FL

College Education or Above
28%

STEM College Graduates
38%
Education Distribution
Apopka, FL
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day