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Multifamily Loans in
Land O' Lakes, FL

Overview

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.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Land O' Lakes, FL

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 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.25% - 3.65%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/02/2021. This is not an offer or commitment to lend. Multifamily loan rates in Land O' 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 03, 2021


Multifamily Lenders in Land O' Lakes, FL

All major multifamily lender types are lending in Land O' 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 03, 2021


Land O' Lakes Market

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%.


Population
38,410 people

County
Pasco County

Renters

19% of Land O' Lakes households are renters.


Rent Burden

26.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Land O' Lakes Demographics


Median Individual Income
$36,218 / year

Median Household Income
$80,860 / year

Families w/ Dual Incomes
56%

Unemployment Rate
3.7%
Household Income Distribution
Land O' Lakes, FL

Median Age
42 years

Avg Family Size
3.31 people
Age Distribution
Land O' Lakes, FL

College Education or Above
38%

STEM College Graduates
42%
Education Distribution
Land O' Lakes, FL
Source: U.S. Census Bureau

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