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Multifamily Loans in
Bonita Springs, FL

Overview

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.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Bonita Springs, FL

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 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 Bonita Springs 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 Bonita Springs, FL

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


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


Bonita Springs Market

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%.


Population
59,637 people

County
Lee County

Renters

19.4% of Bonita Springs households are renters.


Rent Burden

29.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bonita Springs Demographics


Median Individual Income
$32,081 / year

Median Household Income
$70,249 / year

Families w/ Dual Incomes
32%

Unemployment Rate
3.5%
Household Income Distribution
Bonita Springs, FL

Median Age
59 years

Avg Family Size
2.87 people
Age Distribution
Bonita Springs, FL

College Education or Above
37%

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

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