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Multifamily Loans in
Boca Raton, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Boca Raton, FL

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

All major multifamily lender types are lending in Boca Raton.


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


Boca Raton Market

The city of Boca Raton in Palm Beach County has a population of 99,805. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Boca Raton resident is 49 years old with a yearly income of $41,368. The average family has 3.01 members and a median household income of $83,114. Boca Raton has a 55% higher education rate. The unemployment rate in Boca Raton is 5.0%.


Population
99,805 people

County
Palm Beach County

Renters

28.8% of Boca Raton households are renters.


Rent Burden

39.2% 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

Boca Raton Demographics


Median Individual Income
$41,368 / year

Median Household Income
$83,114 / year

Families w/ Dual Incomes
45%

Unemployment Rate
5.0%
Household Income Distribution
Boca Raton, FL

Median Age
49 years

Avg Family Size
3.01 people
Age Distribution
Boca Raton, FL

College Education or Above
55%

STEM College Graduates
39%
Education Distribution
Boca Raton, FL
Source: U.S. Census Bureau

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