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Multifamily Loans in
Golden Gate, FL

Overview

Golden Gate is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Golden Gate are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Golden Gate are slightly higher than the national average. Golden Gate 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 Golden Gate.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Golden Gate, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Golden Gate 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Golden Gate 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 03, 2021


Multifamily Lenders in Golden Gate, FL

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


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 03, 2021


Golden Gate Market

The city of Golden Gate in Collier County has a population of 29,552. The median rent in Collier County for a 2 bedroom is $1,472. The median Golden Gate resident is 35 years old with a yearly income of $22,468. The average family has 4.21 members and a median household income of $48,958. Golden Gate has a 13% higher education rate. The unemployment rate in Golden Gate is 4.1%.


Population
29,552 people

County
Collier County

Renters

50% of Golden Gate households are renters.


Rent Burden

35.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Collier County 1
Florida 2
National 2
Studio $1,014 $822 $737
1 bedroom $1,196 $891 $813
2 bedroom $1,472 $1,089 $1,015
3 bedroom $1,916 $1,448 $1,325
4 bedroom $2,056 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Golden Gate Demographics


Median Individual Income
$22,468 / year

Median Household Income
$48,958 / year

Families w/ Dual Incomes
62%

Unemployment Rate
4.1%
Household Income Distribution
Golden Gate, FL

Median Age
35 years

Avg Family Size
4.21 people
Age Distribution
Golden Gate, FL

College Education or Above
13%

STEM College Graduates
44%
Education Distribution
Golden Gate, FL
Source: U.S. Census Bureau

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