Land O' Lakes is located in a good market for 5+ unit multifamily loans. Multifamily loans in Land O' Lakes are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Land O' Lakes are competitive. Land O' 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 Land O' Lakes.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Land O' Lakes are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.34% - 6.58% |
| 7 Year Fixed | 6.23% - 6.47% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Land O' Lakes.
The city of Land O' Lakes in Pasco County has a population of 38,410. The median rent in Pasco County for a 2 bedroom is $1,375. The median Land O' Lakes resident is 42 years old with a yearly income of $36,218. The average family has 3.31 members and a median household income of $80,860. Land O' Lakes has a 38% higher education rate. The unemployment rate in Land O' Lakes is 3.7%.
19% of Land O' Lakes households are renters.
26.1% median household income spent on rent.
Bedrooms |
Pasco County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,070 | $822 | $737 |
| 1 bedroom | $1,125 | $891 | $813 |
| 2 bedroom | $1,375 | $1,089 | $1,015 |
| 3 bedroom | $1,786 | $1,448 | $1,325 |
| 4 bedroom | $2,194 | $1,716 | $1,521 |
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