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Multifamily Loans in
Fort Lauderdale, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Fort Lauderdale, FL

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

All major multifamily lender types are lending in Fort Lauderdale.


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


Fort Lauderdale Market

The city of Fort Lauderdale in Broward County has a population of 182,437. The median rent in Broward County for a 2 bedroom is $1,628. The median Fort Lauderdale resident is 42 years old with a yearly income of $31,081. The average family has 3.32 members and a median household income of $59,450. Fort Lauderdale has a 37% higher education rate. The unemployment rate in Fort Lauderdale is 7.0%.


Population
182,437 people

County
Broward County

Renters

47.3% of Fort Lauderdale households are renters.


Rent Burden

35.6% 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

Fort Lauderdale Demographics


Median Individual Income
$31,081 / year

Median Household Income
$59,450 / year

Families w/ Dual Incomes
50%

Unemployment Rate
7.0%
Household Income Distribution
Fort Lauderdale, FL

Median Age
42 years

Avg Family Size
3.32 people
Age Distribution
Fort Lauderdale, FL

College Education or Above
37%

STEM College Graduates
40%
Education Distribution
Fort Lauderdale, FL
Source: U.S. Census Bureau

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