Loading...

Multifamily Loans in
Palm Harbor, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Palm Harbor, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Palm Harbor 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.25% - 3.65%
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 Harbor 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 Harbor, FL

All major multifamily lender types are lending in Palm Harbor.


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 Harbor Market

The city of Palm Harbor in Pinellas County has a population of 62,310. The median rent in Pinellas County for a 2 bedroom is $1,375. The median Palm Harbor resident is 50 years old with a yearly income of $31,551. The average family has 2.97 members and a median household income of $59,557. Palm Harbor has a 34% higher education rate. The unemployment rate in Palm Harbor is 4.5%.


Population
62,310 people

County
Pinellas County

Renters

27.3% of Palm Harbor households are renters.


Rent Burden

32.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pinellas County 1
Florida 2
National 2
Studio $1,070 $822 $737
1 bedroom $1,125 $891 $813
2 bedroom $1,375 $1,089 $1,015
3 bedroom $1,786 $1,448 $1,325
4 bedroom $2,194 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Palm Harbor Demographics


Median Individual Income
$31,551 / year

Median Household Income
$59,557 / year

Families w/ Dual Incomes
47%

Unemployment Rate
4.5%
Household Income Distribution
Palm Harbor, FL

Median Age
50 years

Avg Family Size
2.97 people
Age Distribution
Palm Harbor, FL

College Education or Above
34%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day