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Multifamily Loans in
Ocoee, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Ocoee, FL

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

All major multifamily lender types are lending in Ocoee.


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


Ocoee Market

The city of Ocoee in Orange County has a population of 48,263. The median rent in Orange County for a 2 bedroom is $1,422. The median Ocoee resident is 35 years old with a yearly income of $32,281. The average family has 3.57 members and a median household income of $75,329. Ocoee has a 35% higher education rate. The unemployment rate in Ocoee is 5.0%.


Population
48,263 people

County
Orange County

Renters

29.3% of Ocoee households are renters.


Rent Burden

30.4% 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

Ocoee Demographics


Median Individual Income
$32,281 / year

Median Household Income
$75,329 / year

Families w/ Dual Incomes
62%

Unemployment Rate
5.0%
Household Income Distribution
Ocoee, FL

Median Age
35 years

Avg Family Size
3.57 people
Age Distribution
Ocoee, FL

College Education or Above
35%

STEM College Graduates
42%
Education Distribution
Ocoee, FL
Source: U.S. Census Bureau

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