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Multifamily Loans in Florida

Overview

2,839,212 (or 13.22%) of the 21,477,737 population of Florida live in 5+ unit apartment properties. Florida has approximately 1,481,325 multifamily units. Last year, 45,417 new apartment units were constructed in Florida, representing a 3.16% growth in units. Multifamily units make up 17.67% of the total housing stock in Florida.

Interest rates for multifamily loans in Florida are very competitive. Florida apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Florida.

Get multifamily loan quotes for Oct 06, 2022


Multifamily Loan Rates in Florida

SoftQuotes' lender rates for 5+ unit multifamily loans in Florida are:

Loan Amount
$1M to $6M
5 Year Fixed 5.67% - 6.37%
7 Year Fixed 5.78% - 6.21%
10 Year Fixed 5.69% - 6.07%
Loan Amount
$6M to $100M
5 Year Fixed 5.36% - 6.08%
7 Year Fixed 5.33% - 6.25%
10 Year Fixed 5.11% - 5.98%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. This is not an offer or commitment to lend. Rates updated on 10/05/2022.

Get multifamily loan quotes for Oct 06, 2022


Florida Rents

The state of Florida prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $503 $1,441 $822
1 bedroom $557 $1,489 $891
2 bedroom $734 $1,932 $1,089
3 bedroom $913 $2,501 $1,448
4 bedroom $1,021 $3,319 $1,716
1 County median 2 Average of counties
Source: Federal Housing Finance Agency

Florida Multifamily Loans by City