Loading...

Multifamily Loans in
Immokalee, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Immokalee, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Immokalee 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 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Immokalee 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 08, 2021


Multifamily Lenders in Immokalee, FL

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


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 08, 2021


Immokalee Market

The city of Immokalee in Collier County has a population of 26,597. The median rent in Collier County for a 2 bedroom is $1,472. The median Immokalee resident is 29 years old with a yearly income of $17,203. The average family has 4.57 members and a median household income of $30,885. Immokalee has a 5% higher education rate. The unemployment rate in Immokalee is 10.6%.


Population
26,597 people

County
Collier County

Renters

62.2% of Immokalee households are renters.


Rent Burden

34.6% 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

Immokalee Demographics


Median Individual Income
$17,203 / year

Median Household Income
$30,885 / year

Families w/ Dual Incomes
46%

Unemployment Rate
10.6%
Household Income Distribution
Immokalee, FL

Median Age
29 years

Avg Family Size
4.57 people
Age Distribution
Immokalee, FL

College Education or Above
5%

STEM College Graduates
25%
Education Distribution
Immokalee, FL
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day