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Multifamily Loans in
Golden Glades, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Golden Glades, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Golden Glades 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Glades 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 Glades, FL

All major multifamily lender types are lending in Golden Glades.


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 03, 2021


Golden Glades Market

The city of Golden Glades in Miami-Dade County has a population of 34,109. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Golden Glades resident is 35 years old with a yearly income of $22,851. The average family has 4.09 members and a median household income of $45,964. Golden Glades has a 17% higher education rate. The unemployment rate in Golden Glades is 9.4%.


Population
34,109 people

County
Miami-Dade County

Renters

47.2% of Golden Glades households are renters.


Rent Burden

43.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Miami-Dade County 1
Florida 2
National 2
Studio $1,148 $822 $737
1 bedroom $1,336 $891 $813
2 bedroom $1,684 $1,089 $1,015
3 bedroom $2,245 $1,448 $1,325
4 bedroom $2,696 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Golden Glades Demographics


Median Individual Income
$22,851 / year

Median Household Income
$45,964 / year

Families w/ Dual Incomes
51%

Unemployment Rate
9.4%
Household Income Distribution
Golden Glades, FL

Median Age
35 years

Avg Family Size
4.09 people
Age Distribution
Golden Glades, FL

College Education or Above
17%

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

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