Loading...

Multifamily Loans in Florida

Overview

Of the 21,477,737 Florida residents, 2,839,212 (or 13.22%) 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 Sep 28, 2021


Multifamily Loan Rates in Florida

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.92%
7 Year Fixed 3.28% - 3.86%
10 Year Fixed 3.53% - 4.02%
Loan Amount
$6M to $100M
5 Year Fixed 2.54% - 2.94%
7 Year Fixed 2.83% - 3.43%
10 Year Fixed 2.95% - 3.50%
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 09/27/2021.

Get multifamily loan quotes for Sep 28, 2021


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

Florida Multifamily Loans by City