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Multifamily Loans in
Boynton Beach, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Boynton Beach, FL

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

All major multifamily lender types are lending in Boynton Beach.


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


Boynton Beach Market

The city of Boynton Beach in Palm Beach County has a population of 78,679. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Boynton Beach resident is 43 years old with a yearly income of $29,448. The average family has 3.37 members and a median household income of $57,563. Boynton Beach has a 30% higher education rate. The unemployment rate in Boynton Beach is 7.4%.


Population
78,679 people

County
Palm Beach County

Renters

39.6% of Boynton Beach households are renters.


Rent Burden

36.7% 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

Boynton Beach Demographics


Median Individual Income
$29,448 / year

Median Household Income
$57,563 / year

Families w/ Dual Incomes
50%

Unemployment Rate
7.4%
Household Income Distribution
Boynton Beach, FL

Median Age
43 years

Avg Family Size
3.37 people
Age Distribution
Boynton Beach, FL

College Education or Above
30%

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

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