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Multifamily Loans in
Coral Springs, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Coral Springs, FL

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

All major multifamily lender types are lending in Coral Springs.


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


Coral Springs Market

The city of Coral Springs in Broward County has a population of 133,759. The median rent in Broward County for a 2 bedroom is $1,628. The median Coral Springs resident is 37 years old with a yearly income of $33,089. The average family has 3.61 members and a median household income of $77,360. Coral Springs has a 39% higher education rate. The unemployment rate in Coral Springs is 6.7%.


Population
133,759 people

County
Broward County

Renters

39.4% of Coral Springs households are renters.


Rent Burden

34.9% 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

Coral Springs Demographics


Median Individual Income
$33,089 / year

Median Household Income
$77,360 / year

Families w/ Dual Incomes
60%

Unemployment Rate
6.7%
Household Income Distribution
Coral Springs, FL

Median Age
37 years

Avg Family Size
3.61 people
Age Distribution
Coral Springs, FL

College Education or Above
39%

STEM College Graduates
46%
Education Distribution
Coral Springs, FL
Source: U.S. Census Bureau

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