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Multifamily Loans in
Bayshore Gardens, FL

Overview

Bayshore Gardens is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bayshore Gardens are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bayshore Gardens are slightly higher than the national average. Bayshore Gardens apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Bayshore Gardens.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bayshore Gardens, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bayshore Gardens 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 $6M
5 Year Fixed 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Bayshore Gardens 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 Bayshore Gardens, FL

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bayshore Gardens.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Bayshore Gardens Market

The city of Bayshore Gardens in Manatee County has a population of 20,287. The median rent in Manatee County for a 2 bedroom is $1,383. The median Bayshore Gardens resident is 44 years old with a yearly income of $24,878. The average family has 3.3 members and a median household income of $43,290. Bayshore Gardens has a 17% higher education rate. The unemployment rate in Bayshore Gardens is 8.6%.


Population
20,287 people

County
Manatee County

Renters

42.7% of Bayshore Gardens households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Manatee County 1
Florida 2
National 2
Studio $912 $822 $737
1 bedroom $1,076 $891 $813
2 bedroom $1,383 $1,089 $1,015
3 bedroom $1,829 $1,448 $1,325
4 bedroom $2,202 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bayshore Gardens Demographics


Median Individual Income
$24,878 / year

Median Household Income
$43,290 / year

Families w/ Dual Incomes
37%

Unemployment Rate
8.6%
Household Income Distribution
Bayshore Gardens, FL

Median Age
44 years

Avg Family Size
3.3 people
Age Distribution
Bayshore Gardens, FL

College Education or Above
17%

STEM College Graduates
36%
Education Distribution
Bayshore Gardens, FL
Source: U.S. Census Bureau

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