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Multifamily Loans in
Northdale, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Northdale, FL

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

All major multifamily lender types are lending in Northdale.


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


Northdale Market

The city of Northdale in Hillsborough County has a population of 23,510. The median rent in Hillsborough County for a 2 bedroom is $1,375. The median Northdale resident is 40 years old with a yearly income of $37,856. The average family has 3.25 members and a median household income of $78,517. Northdale has a 39% higher education rate. The unemployment rate in Northdale is 3.5%.


Population
23,510 people

County
Hillsborough County

Renters

34.1% of Northdale households are renters.


Rent Burden

23.7% 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

Northdale Demographics


Median Individual Income
$37,856 / year

Median Household Income
$78,517 / year

Families w/ Dual Incomes
62%

Unemployment Rate
3.5%
Household Income Distribution
Northdale, FL

Median Age
40 years

Avg Family Size
3.25 people
Age Distribution
Northdale, FL

College Education or Above
39%

STEM College Graduates
38%
Education Distribution
Northdale, FL
Source: U.S. Census Bureau

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