Loading...

Multifamily Loans in
Parkland, FL

Overview

Parkland is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Parkland are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Parkland are some of the lowest nationally. Parkland 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 Parkland.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Parkland, FL

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

All major multifamily lender types are lending in Parkland.


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


Parkland Market

The city of Parkland in Broward County has a population of 34,170. The median rent in Broward County for a 2 bedroom is $1,628. The median Parkland resident is 41 years old with a yearly income of $62,500. The average family has 3.46 members and a median household income of $154,844. Parkland has a 62% higher education rate. The unemployment rate in Parkland is 3.6%.


Population
34,170 people

County
Broward County

Renters

17.3% of Parkland households are renters.


Rent Burden

40% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Broward County 1
Florida 2
National 2
Studio $1,142 $822 $737
1 bedroom $1,292 $891 $813
2 bedroom $1,628 $1,089 $1,015
3 bedroom $2,330 $1,448 $1,325
4 bedroom $2,819 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Parkland Demographics


Median Individual Income
$62,500 / year

Median Household Income
$154,844 / year

Families w/ Dual Incomes
55%

Unemployment Rate
3.6%
Household Income Distribution
Parkland, FL

Median Age
41 years

Avg Family Size
3.46 people
Age Distribution
Parkland, FL

College Education or Above
62%

STEM College Graduates
47%
Education Distribution
Parkland, 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