Pembroke Pines is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Pembroke Pines are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Pembroke Pines are some of the lowest nationally. Pembroke Pines 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 Pembroke Pines.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pembroke Pines 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 Pembroke Pines.
The city of Pembroke Pines in Broward County has a population of 173,591. The median rent in Broward County for a 2 bedroom is $1,628. The median Pembroke Pines resident is 41 years old with a yearly income of $33,539. The average family has 3.57 members and a median household income of $68,745. Pembroke Pines has a 34% higher education rate. The unemployment rate in Pembroke Pines is 5.4%.
29% of Pembroke Pines households are renters.
33.2% median household income spent on rent.
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 |
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