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Multifamily Loans in
Lehigh Acres, FL

Overview

Lehigh Acres is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Lehigh Acres are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Lehigh Acres are slightly higher than the national average. Lehigh Acres apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Lehigh Acres.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lehigh Acres, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lehigh Acres 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 $6M
5 Year Fixed 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Lehigh Acres 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 Lehigh Acres, FL

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Lehigh Acres.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Lehigh Acres Market

The city of Lehigh Acres in Lee County has a population of 123,378. The median rent in Lee County for a 2 bedroom is $1,282. The median Lehigh Acres resident is 35 years old with a yearly income of $23,440. The average family has 4.09 members and a median household income of $48,483. Lehigh Acres has a 15% higher education rate. The unemployment rate in Lehigh Acres is 6.3%.


Population
123,378 people

County
Lee County

Renters

37.5% of Lehigh Acres households are renters.


Rent Burden

35.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Lee County 1
Florida 2
National 2
Studio $997 $822 $737
1 bedroom $1,019 $891 $813
2 bedroom $1,282 $1,089 $1,015
3 bedroom $1,670 $1,448 $1,325
4 bedroom $1,887 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Lehigh Acres Demographics


Median Individual Income
$23,440 / year

Median Household Income
$48,483 / year

Families w/ Dual Incomes
47%

Unemployment Rate
6.3%
Household Income Distribution
Lehigh Acres, FL

Median Age
35 years

Avg Family Size
4.09 people
Age Distribution
Lehigh Acres, FL

College Education or Above
15%

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

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