Loading...

Multifamily Loans in
Cooper City, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Cooper City, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cooper City 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Cooper City 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 Cooper City, FL

All major multifamily lender types are lending in Cooper City.


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 03, 2021


Cooper City Market

The city of Cooper City in Broward County has a population of 35,800. The median rent in Broward County for a 2 bedroom is $1,628. The median Cooper City resident is 40 years old with a yearly income of $42,593. The average family has 3.47 members and a median household income of $106,795. Cooper City has a 46% higher education rate. The unemployment rate in Cooper City is 3.2%.


Population
35,800 people

County
Broward County

Renters

15.3% of Cooper City households are renters.


Rent Burden

36.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Broward County 1
Florida 2
National 2
Studio $1,142 $822 $737
1 bedroom $1,292 $891 $813
2 bedroom $1,628 $1,089 $1,015
3 bedroom $2,330 $1,448 $1,325
4 bedroom $2,819 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Cooper City Demographics


Median Individual Income
$42,593 / year

Median Household Income
$106,795 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.2%
Household Income Distribution
Cooper City, FL

Median Age
40 years

Avg Family Size
3.47 people
Age Distribution
Cooper City, FL

College Education or Above
46%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day