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Multifamily Loans in
Palm Beach Gardens, FL

Overview

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.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Palm Beach Gardens, FL

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 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 Palm Beach Gardens 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 Palm Beach Gardens, FL

All major multifamily lender types are lending in Palm Beach Gardens.


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


Palm Beach Gardens Market

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%.


Population
57,704 people

County
Palm Beach County

Renters

26.1% of Palm Beach Gardens households are renters.


Rent Burden

32.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Palm Beach Gardens Demographics


Median Individual Income
$42,904 / year

Median Household Income
$87,969 / year

Families w/ Dual Incomes
47%

Unemployment Rate
2.4%
Household Income Distribution
Palm Beach Gardens, FL

Median Age
51 years

Avg Family Size
2.85 people
Age Distribution
Palm Beach Gardens, FL

College Education or Above
52%

STEM College Graduates
40%
Education Distribution
Palm Beach Gardens, FL
Source: U.S. Census Bureau

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