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Multifamily Loans in
Dania Beach, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Dania Beach, FL

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

All major multifamily lender types are lending in Dania Beach.


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


Dania Beach Market

The city of Dania Beach in Broward County has a population of 32,271. The median rent in Broward County for a 2 bedroom is $1,628. The median Dania Beach resident is 40 years old with a yearly income of $26,038. The average family has 3.27 members and a median household income of $47,135. Dania Beach has a 28% higher education rate. The unemployment rate in Dania Beach is 7.6%.


Population
32,271 people

County
Broward County

Renters

49.7% of Dania Beach households are renters.


Rent Burden

43.9% 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

Dania Beach Demographics


Median Individual Income
$26,038 / year

Median Household Income
$47,135 / year

Families w/ Dual Incomes
49%

Unemployment Rate
7.6%
Household Income Distribution
Dania Beach, FL

Median Age
40 years

Avg Family Size
3.27 people
Age Distribution
Dania Beach, FL

College Education or Above
28%

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

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