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Multifamily Loans in
Belle Glade, FL

Overview

Belle Glade is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Belle Glade are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Belle Glade are some of the lowest nationally. Belle Glade 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 Belle Glade.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Belle Glade, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Belle Glade 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 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Belle Glade 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 Belle Glade, FL

All major multifamily lender types are lending in Belle Glade.


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


Belle Glade Market

The city of Belle Glade in Palm Beach County has a population of 20,134. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Belle Glade resident is 33 years old with a yearly income of $16,796. The average family has 4.11 members and a median household income of $24,322. Belle Glade has a 8% higher education rate. The unemployment rate in Belle Glade is 14.9%.


Population
20,134 people

County
Palm Beach County

Renters

67.5% of Belle Glade households are renters.


Rent Burden

44.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Palm Beach County 1
Florida 2
National 2
Studio $1,065 $822 $737
1 bedroom $1,278 $891 $813
2 bedroom $1,590 $1,089 $1,015
3 bedroom $2,149 $1,448 $1,325
4 bedroom $2,585 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Belle Glade Demographics


Median Individual Income
$16,796 / year

Median Household Income
$24,322 / year

Families w/ Dual Incomes
32%

Unemployment Rate
14.9%
Household Income Distribution
Belle Glade, FL

Median Age
33 years

Avg Family Size
4.11 people
Age Distribution
Belle Glade, FL

College Education or Above
8%

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

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