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Multifamily Loans in
Oakland Park, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Oakland Park, FL

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

All major multifamily lender types are lending in Oakland Park.


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


Oakland Park Market

The city of Oakland Park in Broward County has a population of 45,202. The median rent in Broward County for a 2 bedroom is $1,628. The median Oakland Park resident is 41 years old with a yearly income of $26,458. The average family has 3.49 members and a median household income of $51,377. Oakland Park has a 27% higher education rate. The unemployment rate in Oakland Park is 7.6%.


Population
45,202 people

County
Broward County

Renters

47.4% of Oakland Park households are renters.


Rent Burden

35.3% 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

Oakland Park Demographics


Median Individual Income
$26,458 / year

Median Household Income
$51,377 / year

Families w/ Dual Incomes
53%

Unemployment Rate
7.6%
Household Income Distribution
Oakland Park, FL

Median Age
41 years

Avg Family Size
3.49 people
Age Distribution
Oakland Park, FL

College Education or Above
27%

STEM College Graduates
41%
Education Distribution
Oakland Park, FL
Source: U.S. Census Bureau

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