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Multifamily Loans in
Clearwater, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Clearwater, FL

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

All major multifamily lender types are lending in Clearwater.


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


Clearwater Market

The city of Clearwater in Pinellas County has a population of 116,946. The median rent in Pinellas County for a 2 bedroom is $1,375. The median Clearwater resident is 45 years old with a yearly income of $28,255. The average family has 3.15 members and a median household income of $48,691. Clearwater has a 30% higher education rate. The unemployment rate in Clearwater is 7.0%.


Population
116,946 people

County
Pinellas County

Renters

41.5% of Clearwater households are renters.


Rent Burden

36.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pinellas 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

Clearwater Demographics


Median Individual Income
$28,255 / year

Median Household Income
$48,691 / year

Families w/ Dual Incomes
47%

Unemployment Rate
7.0%
Household Income Distribution
Clearwater, FL

Median Age
45 years

Avg Family Size
3.15 people
Age Distribution
Clearwater, FL

College Education or Above
30%

STEM College Graduates
42%
Education Distribution
Clearwater, FL
Source: U.S. Census Bureau

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