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Multifamily Loans in
Gainesville, FL

Overview

Gainesville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Gainesville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Gainesville are slightly higher than the national average. Gainesville apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Gainesville.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Gainesville, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Gainesville 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 $6M
5 Year Fixed 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Gainesville 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 Gainesville, FL

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Gainesville.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Gainesville Market

The city of Gainesville in Alachua County has a population of 133,997. The median rent in Alachua County for a 2 bedroom is $1,154. The median Gainesville resident is 26 years old with a yearly income of $20,457. The average family has 3.35 members and a median household income of $37,264. Gainesville has a 45% higher education rate. The unemployment rate in Gainesville is 5.2%.


Population
133,997 people

County
Alachua County

Renters

61.1% of Gainesville households are renters.


Rent Burden

45.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Alachua County 1
Florida 2
National 2
Studio $858 $822 $737
1 bedroom $956 $891 $813
2 bedroom $1,154 $1,089 $1,015
3 bedroom $1,508 $1,448 $1,325
4 bedroom $1,565 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Gainesville Demographics


Median Individual Income
$20,457 / year

Median Household Income
$37,264 / year

Families w/ Dual Incomes
50%

Unemployment Rate
5.2%
Household Income Distribution
Gainesville, FL

Median Age
26 years

Avg Family Size
3.35 people
Age Distribution
Gainesville, FL

College Education or Above
45%

STEM College Graduates
57%
Education Distribution
Gainesville, FL
Source: U.S. Census Bureau

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