Hallandale Beach is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Hallandale Beach are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Hallandale Beach are some of the lowest nationally. Hallandale Beach 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 Hallandale Beach.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hallandale Beach 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Hallandale Beach.
The city of Hallandale Beach in Broward County has a population of 39,847. The median rent in Broward County for a 2 bedroom is $1,628. The median Hallandale Beach resident is 45 years old with a yearly income of $24,614. The average family has 3.13 members and a median household income of $39,184. Hallandale Beach has a 32% higher education rate. The unemployment rate in Hallandale Beach is 7.3%.
49.1% of Hallandale Beach households are renters.
41.9% median household income spent on rent.
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 |
We're here to help.