Loading...

Multifamily Loans in
Florissant, MO

Overview

Florissant is located in a good market for 5+ unit multifamily loans. Multifamily loans in Florissant are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Florissant are competitive. Florissant 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 Florissant.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Florissant, MO

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Florissant 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 3.37% - 3.61%
7 Year Fixed 3.25% - 3.49%
10 Year Fixed 3.47% - 3.71%
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 3.03% - 3.28%
7 Year Fixed 3.19% - 3.64%
10 Year Fixed 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Florissant 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 04, 2021


Multifamily Lenders in Florissant, MO

All major multifamily lender types are lending in Florissant.


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 04, 2021


Florissant Market

The city of Florissant in St. Louis County has a population of 50,952. The median rent in St. Louis County for a 2 bedroom is $1,005. The median Florissant resident is 36 years old with a yearly income of $31,104. The average family has 3.23 members and a median household income of $54,978. Florissant has a 24% higher education rate. The unemployment rate in Florissant is 8.6%.


Population
50,952 people

County
St. Louis County

Renters

34.8% of Florissant households are renters.


Rent Burden

31% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Louis County 1
Missouri 2
National 2
Studio $719 $535 $737
1 bedroom $783 $594 $813
2 bedroom $1,005 $761 $1,015
3 bedroom $1,311 $1,010 $1,325
4 bedroom $1,543 $1,155 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Florissant Demographics


Median Individual Income
$31,104 / year

Median Household Income
$54,978 / year

Families w/ Dual Incomes
56%

Unemployment Rate
8.6%
Household Income Distribution
Florissant, MO

Median Age
36 years

Avg Family Size
3.23 people
Age Distribution
Florissant, MO

College Education or Above
24%

STEM College Graduates
38%
Education Distribution
Florissant, MO
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