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Multifamily Loans in
Bellview, FL

Overview

Bellview is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bellview are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bellview are slightly higher than the national average. Bellview 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 Bellview.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bellview, FL

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

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


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


Bellview Market

The city of Bellview in Escambia County has a population of 21,515. The median rent in Escambia County for a 2 bedroom is $1,059. The median Bellview resident is 43 years old with a yearly income of $30,536. The average family has 2.99 members and a median household income of $54,103. Bellview has a 22% higher education rate. The unemployment rate in Bellview is 4.7%.


Population
21,515 people

County
Escambia County

Renters

28.5% of Bellview households are renters.


Rent Burden

26.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Escambia County 1
Florida 2
National 2
Studio $833 $822 $737
1 bedroom $901 $891 $813
2 bedroom $1,059 $1,089 $1,015
3 bedroom $1,486 $1,448 $1,325
4 bedroom $1,834 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bellview Demographics


Median Individual Income
$30,536 / year

Median Household Income
$54,103 / year

Families w/ Dual Incomes
46%

Unemployment Rate
4.7%
Household Income Distribution
Bellview, FL

Median Age
43 years

Avg Family Size
2.99 people
Age Distribution
Bellview, FL

College Education or Above
22%

STEM College Graduates
34%
Education Distribution
Bellview, FL
Source: U.S. Census Bureau

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