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Multifamily Loans in
Carrollwood, FL

Overview

Carrollwood is located in a good market for 5+ unit multifamily loans. Multifamily loans in Carrollwood are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Carrollwood are competitive. Carrollwood 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 Carrollwood.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Carrollwood, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Carrollwood 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 Carrollwood 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 Carrollwood, FL

All major multifamily lender types are lending in Carrollwood.


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


Carrollwood Market

The city of Carrollwood in Hillsborough County has a population of 35,686. The median rent in Hillsborough County for a 2 bedroom is $1,375. The median Carrollwood resident is 44 years old with a yearly income of $35,474. The average family has 3.09 members and a median household income of $68,422. Carrollwood has a 43% higher education rate. The unemployment rate in Carrollwood is 5.0%.


Population
35,686 people

County
Hillsborough County

Renters

34.4% of Carrollwood households are renters.


Rent Burden

27.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hillsborough County 1
Florida 2
National 2
Studio $1,070 $822 $737
1 bedroom $1,125 $891 $813
2 bedroom $1,375 $1,089 $1,015
3 bedroom $1,786 $1,448 $1,325
4 bedroom $2,194 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Carrollwood Demographics


Median Individual Income
$35,474 / year

Median Household Income
$68,422 / year

Families w/ Dual Incomes
53%

Unemployment Rate
5.0%
Household Income Distribution
Carrollwood, FL

Median Age
44 years

Avg Family Size
3.09 people
Age Distribution
Carrollwood, FL

College Education or Above
43%

STEM College Graduates
41%
Education Distribution
Carrollwood, FL
Source: U.S. Census Bureau

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