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.
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 | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.82% - 7.06% |
| 10 Year Fixed | 6.73% - 6.97% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Golden Gate.
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%.
50% of Golden Gate households are renters.
35.1% median household income spent on rent.
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 |
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