Loading...

Multifamily Loans in
Palm Valley, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Palm Valley, FL

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

All major multifamily lender types are lending in Palm Valley.


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


Palm Valley Market

The city of Palm Valley in St. Johns County has a population of 21,292. The median rent in St. Johns County for a 2 bedroom is $1,195. The median Palm Valley resident is 51 years old with a yearly income of $47,851. The average family has 3.05 members and a median household income of $109,000. Palm Valley has a 63% higher education rate. The unemployment rate in Palm Valley is 3.3%.


Population
21,292 people

County
St. Johns County

Renters

23.6% of Palm Valley households are renters.


Rent Burden

25.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Johns County 1
Florida 2
National 2
Studio $801 $822 $737
1 bedroom $989 $891 $813
2 bedroom $1,195 $1,089 $1,015
3 bedroom $1,562 $1,448 $1,325
4 bedroom $1,989 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Palm Valley Demographics


Median Individual Income
$47,851 / year

Median Household Income
$109,000 / year

Families w/ Dual Incomes
50%

Unemployment Rate
3.3%
Household Income Distribution
Palm Valley, FL

Median Age
51 years

Avg Family Size
3.05 people
Age Distribution
Palm Valley, FL

College Education or Above
63%

STEM College Graduates
43%
Education Distribution
Palm Valley, 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