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Multifamily Loans in
Hialeah Gardens, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Hialeah Gardens, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hialeah Gardens 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 Hialeah Gardens 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 Hialeah Gardens, FL

All major multifamily lender types are lending in Hialeah Gardens.


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


Hialeah Gardens Market

The city of Hialeah Gardens in Miami-Dade County has a population of 23,474. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Hialeah Gardens resident is 43 years old with a yearly income of $21,242. The average family has 3.75 members and a median household income of $53,423. Hialeah Gardens has a 21% higher education rate. The unemployment rate in Hialeah Gardens is 3.5%.


Population
23,474 people

County
Miami-Dade County

Renters

37.2% of Hialeah Gardens households are renters.


Rent Burden

38.6% 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

Hialeah Gardens Demographics


Median Individual Income
$21,242 / year

Median Household Income
$53,423 / year

Families w/ Dual Incomes
64%

Unemployment Rate
3.5%
Household Income Distribution
Hialeah Gardens, FL

Median Age
43 years

Avg Family Size
3.75 people
Age Distribution
Hialeah Gardens, FL

College Education or Above
21%

STEM College Graduates
49%
Education Distribution
Hialeah Gardens, FL
Source: U.S. Census Bureau

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