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Multifamily Loans in
Lutz, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Lutz, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lutz 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 Lutz 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 Lutz, FL

All major multifamily lender types are lending in Lutz.


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


Lutz Market

The city of Lutz in Hillsborough County has a population of 22,235. The median rent in Hillsborough County for a 2 bedroom is $1,375. The median Lutz resident is 43 years old with a yearly income of $40,131. The average family has 3.15 members and a median household income of $85,000. Lutz has a 46% higher education rate. The unemployment rate in Lutz is 2.0%.


Population
22,235 people

County
Hillsborough County

Renters

14.9% of Lutz households are renters.


Rent Burden

33.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hillsborough 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

Lutz Demographics


Median Individual Income
$40,131 / year

Median Household Income
$85,000 / year

Families w/ Dual Incomes
59%

Unemployment Rate
2.0%
Household Income Distribution
Lutz, FL

Median Age
43 years

Avg Family Size
3.15 people
Age Distribution
Lutz, FL

College Education or Above
46%

STEM College Graduates
46%
Education Distribution
Lutz, FL
Source: U.S. Census Bureau

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