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Multifamily Loans in
Leisure City, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Leisure City, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Leisure City 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Leisure City 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 Leisure City, FL

All major multifamily lender types are lending in Leisure City.


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


Leisure City Market

The city of Leisure City in Miami-Dade County has a population of 26,652. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Leisure City resident is 33 years old with a yearly income of $17,565. The average family has 4.18 members and a median household income of $36,609. Leisure City has a 13% higher education rate. The unemployment rate in Leisure City is 8.9%.


Population
26,652 people

County
Miami-Dade County

Renters

47.2% of Leisure City households are renters.


Rent Burden

45% 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

Leisure City Demographics


Median Individual Income
$17,565 / year

Median Household Income
$36,609 / year

Families w/ Dual Incomes
50%

Unemployment Rate
8.9%
Household Income Distribution
Leisure City, FL

Median Age
33 years

Avg Family Size
4.18 people
Age Distribution
Leisure City, FL

College Education or Above
13%

STEM College Graduates
43%
Education Distribution
Leisure City, FL
Source: U.S. Census Bureau

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