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Multifamily Loans in
Kendale Lakes, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Kendale Lakes, FL

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

All major multifamily lender types are lending in Kendale Lakes.


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


Kendale Lakes Market

The city of Kendale Lakes in Miami-Dade County has a population of 56,182. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Kendale Lakes resident is 44 years old with a yearly income of $26,999. The average family has 3.53 members and a median household income of $59,252. Kendale Lakes has a 27% higher education rate. The unemployment rate in Kendale Lakes is 4.5%.


Population
56,182 people

County
Miami-Dade County

Renters

34.3% of Kendale Lakes households are renters.


Rent Burden

39.3% 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

Kendale Lakes Demographics


Median Individual Income
$26,999 / year

Median Household Income
$59,252 / year

Families w/ Dual Incomes
55%

Unemployment Rate
4.5%
Household Income Distribution
Kendale Lakes, FL

Median Age
44 years

Avg Family Size
3.53 people
Age Distribution
Kendale Lakes, FL

College Education or Above
27%

STEM College Graduates
48%
Education Distribution
Kendale Lakes, FL
Source: U.S. Census Bureau

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