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Multifamily Loans in
Brent, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Brent, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Brent 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Brent 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 03, 2021


Multifamily Lenders in Brent, FL

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


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 03, 2021


Brent Market

The city of Brent in Escambia County has a population of 22,337. The median rent in Escambia County for a 2 bedroom is $1,059. The median Brent resident is 30 years old with a yearly income of $16,968. The average family has 3.25 members and a median household income of $39,549. Brent has a 15% higher education rate. The unemployment rate in Brent is 8.3%.


Population
22,337 people

County
Escambia County

Renters

52.3% of Brent households are renters.


Rent Burden

31.2% 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

Brent Demographics


Median Individual Income
$16,968 / year

Median Household Income
$39,549 / year

Families w/ Dual Incomes
34%

Unemployment Rate
8.3%
Household Income Distribution
Brent, FL

Median Age
30 years

Avg Family Size
3.25 people
Age Distribution
Brent, FL

College Education or Above
15%

STEM College Graduates
35%
Education Distribution
Brent, FL
Source: U.S. Census Bureau

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