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Multifamily Loans in
Margate, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Margate, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Margate 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Margate 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 Margate, FL

All major multifamily lender types are lending in Margate.


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


Margate Market

The city of Margate in Broward County has a population of 58,796. The median rent in Broward County for a 2 bedroom is $1,628. The median Margate resident is 46 years old with a yearly income of $26,091. The average family has 3.28 members and a median household income of $45,594. Margate has a 20% higher education rate. The unemployment rate in Margate is 5.4%.


Population
58,796 people

County
Broward County

Renters

30.1% of Margate households are renters.


Rent Burden

46.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Broward County 1
Florida 2
National 2
Studio $1,142 $822 $737
1 bedroom $1,292 $891 $813
2 bedroom $1,628 $1,089 $1,015
3 bedroom $2,330 $1,448 $1,325
4 bedroom $2,819 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Margate Demographics


Median Individual Income
$26,091 / year

Median Household Income
$45,594 / year

Families w/ Dual Incomes
54%

Unemployment Rate
5.4%
Household Income Distribution
Margate, FL

Median Age
46 years

Avg Family Size
3.28 people
Age Distribution
Margate, FL

College Education or Above
20%

STEM College Graduates
34%
Education Distribution
Margate, FL
Source: U.S. Census Bureau

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