Bonita Springs is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bonita Springs are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bonita Springs are slightly higher than the national average. Bonita Springs 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 Bonita Springs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bonita Springs are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.53% - 6.77% |
| 7 Year Fixed | 6.32% - 6.56% |
| 10 Year Fixed | 6.28% - 6.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bonita Springs.
The city of Bonita Springs in Lee County has a population of 59,637. The median rent in Lee County for a 2 bedroom is $1,282. The median Bonita Springs resident is 59 years old with a yearly income of $32,081. The average family has 2.87 members and a median household income of $70,249. Bonita Springs has a 37% higher education rate. The unemployment rate in Bonita Springs is 3.5%.
19.4% of Bonita Springs households are renters.
29.2% median household income spent on rent.
Bedrooms |
Lee County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $997 | $822 | $737 |
| 1 bedroom | $1,019 | $891 | $813 |
| 2 bedroom | $1,282 | $1,089 | $1,015 |
| 3 bedroom | $1,670 | $1,448 | $1,325 |
| 4 bedroom | $1,887 | $1,716 | $1,521 |
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