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Multifamily Loans in
Oak Ridge, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Oak Ridge, FL

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

All major multifamily lender types are lending in Oak Ridge.


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


Oak Ridge Market

The city of Oak Ridge in Orange County has a population of 24,004. The median rent in Orange County for a 2 bedroom is $1,422. The median Oak Ridge resident is 33 years old with a yearly income of $19,863. The average family has 4.14 members and a median household income of $38,364. Oak Ridge has a 13% higher education rate. The unemployment rate in Oak Ridge is 4.2%.


Population
24,004 people

County
Orange County

Renters

71.9% of Oak Ridge households are renters.


Rent Burden

34.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Orange County 1
Florida 2
National 2
Studio $1,135 $822 $737
1 bedroom $1,227 $891 $813
2 bedroom $1,422 $1,089 $1,015
3 bedroom $1,844 $1,448 $1,325
4 bedroom $2,215 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Oak Ridge Demographics


Median Individual Income
$19,863 / year

Median Household Income
$38,364 / year

Families w/ Dual Incomes
51%

Unemployment Rate
4.2%
Household Income Distribution
Oak Ridge, FL

Median Age
33 years

Avg Family Size
4.14 people
Age Distribution
Oak Ridge, FL

College Education or Above
13%

STEM College Graduates
23%
Education Distribution
Oak Ridge, FL
Source: U.S. Census Bureau

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