Palm Beach Gardens is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Palm Beach Gardens are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Palm Beach Gardens are some of the lowest nationally. Palm Beach Gardens 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 Palm Beach Gardens.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Palm Beach Gardens are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Palm Beach Gardens.
The city of Palm Beach Gardens in Palm Beach County has a population of 57,704. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Palm Beach Gardens resident is 51 years old with a yearly income of $42,904. The average family has 2.85 members and a median household income of $87,969. Palm Beach Gardens has a 52% higher education rate. The unemployment rate in Palm Beach Gardens is 2.4%.
26.1% of Palm Beach Gardens households are renters.
32.4% median household income spent on rent.
Bedrooms |
Palm Beach County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,065 | $822 | $737 |
| 1 bedroom | $1,278 | $891 | $813 |
| 2 bedroom | $1,590 | $1,089 | $1,015 |
| 3 bedroom | $2,149 | $1,448 | $1,325 |
| 4 bedroom | $2,585 | $1,716 | $1,521 |
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