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Multifamily Loans in
Largo, FL

Overview

Largo is located in a good market for 5+ unit multifamily loans. Multifamily loans in Largo are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Largo are competitive. Largo 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 Largo.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Largo, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Largo 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 Largo 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 Largo, FL

All major multifamily lender types are lending in Largo.


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


Largo Market

The city of Largo in Pinellas County has a population of 84,948. The median rent in Pinellas County for a 2 bedroom is $1,375. The median Largo resident is 48 years old with a yearly income of $26,601. The average family has 3.02 members and a median household income of $44,323. Largo has a 23% higher education rate. The unemployment rate in Largo is 5.7%.


Population
84,948 people

County
Pinellas County

Renters

41.5% of Largo households are renters.


Rent Burden

33.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pinellas 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

Largo Demographics


Median Individual Income
$26,601 / year

Median Household Income
$44,323 / year

Families w/ Dual Incomes
45%

Unemployment Rate
5.7%
Household Income Distribution
Largo, FL

Median Age
48 years

Avg Family Size
3.02 people
Age Distribution
Largo, FL

College Education or Above
23%

STEM College Graduates
40%
Education Distribution
Largo, FL
Source: U.S. Census Bureau

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