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Multifamily Loans in
Ives Estates, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ives Estates, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ives Estates 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Ives Estates 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 Ives Estates, FL

All major multifamily lender types are lending in Ives Estates.


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 08, 2021


Ives Estates Market

The city of Ives Estates in Miami-Dade County has a population of 22,707. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Ives Estates resident is 39 years old with a yearly income of $30,644. The average family has 3.59 members and a median household income of $56,613. Ives Estates has a 30% higher education rate. The unemployment rate in Ives Estates is 7.2%.


Population
22,707 people

County
Miami-Dade County

Renters

40.4% of Ives Estates households are renters.


Rent Burden

37.2% 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

Ives Estates Demographics


Median Individual Income
$30,644 / year

Median Household Income
$56,613 / year

Families w/ Dual Incomes
59%

Unemployment Rate
7.2%
Household Income Distribution
Ives Estates, FL

Median Age
39 years

Avg Family Size
3.59 people
Age Distribution
Ives Estates, FL

College Education or Above
30%

STEM College Graduates
38%
Education Distribution
Ives Estates, FL
Source: U.S. Census Bureau

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