Loading...

Multifamily Loans in
Bayonet Point, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bayonet Point, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bayonet Point 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 Bayonet Point 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 Bayonet Point, FL

All major multifamily lender types are lending in Bayonet Point.


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


Bayonet Point Market

The city of Bayonet Point in Pasco County has a population of 27,418. The median rent in Pasco County for a 2 bedroom is $1,375. The median Bayonet Point resident is 49 years old with a yearly income of $23,516. The average family has 3.11 members and a median household income of $39,916. Bayonet Point has a 15% higher education rate. The unemployment rate in Bayonet Point is 10.3%.


Population
27,418 people

County
Pasco County

Renters

35.2% of Bayonet Point households are renters.


Rent Burden

35.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pasco County 1
Florida 2
National 2
Studio $1,070 $822 $737
1 bedroom $1,125 $891 $813
2 bedroom $1,375 $1,089 $1,015
3 bedroom $1,786 $1,448 $1,325
4 bedroom $2,194 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bayonet Point Demographics


Median Individual Income
$23,516 / year

Median Household Income
$39,916 / year

Families w/ Dual Incomes
31%

Unemployment Rate
10.3%
Household Income Distribution
Bayonet Point, FL

Median Age
49 years

Avg Family Size
3.11 people
Age Distribution
Bayonet Point, FL

College Education or Above
15%

STEM College Graduates
45%
Education Distribution
Bayonet Point, 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