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Multifamily Loans in
Kendall, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Kendall, FL

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

All major multifamily lender types are lending in Kendall.


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


Kendall Market

The city of Kendall in Miami-Dade County has a population of 75,312. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Kendall resident is 42 years old with a yearly income of $32,928. The average family has 3.36 members and a median household income of $73,612. Kendall has a 45% higher education rate. The unemployment rate in Kendall is 3.5%.


Population
75,312 people

County
Miami-Dade County

Renters

38.2% of Kendall households are renters.


Rent Burden

35% 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

Kendall Demographics


Median Individual Income
$32,928 / year

Median Household Income
$73,612 / year

Families w/ Dual Incomes
57%

Unemployment Rate
3.5%
Household Income Distribution
Kendall, FL

Median Age
42 years

Avg Family Size
3.36 people
Age Distribution
Kendall, FL

College Education or Above
45%

STEM College Graduates
41%
Education Distribution
Kendall, FL
Source: U.S. Census Bureau

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