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Multifamily Loans in
Pensacola, FL

Overview

Pensacola is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Pensacola are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Pensacola are slightly higher than the national average. Pensacola apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Pensacola.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Pensacola, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pensacola 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 $6M
5 Year Fixed 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
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 Pensacola 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 Pensacola, FL

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Pensacola.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Pensacola Market

The city of Pensacola in Escambia County has a population of 52,975. The median rent in Escambia County for a 2 bedroom is $1,059. The median Pensacola resident is 37 years old with a yearly income of $29,042. The average family has 3.22 members and a median household income of $50,493. Pensacola has a 37% higher education rate. The unemployment rate in Pensacola is 5.6%.


Population
52,975 people

County
Escambia County

Renters

40.4% of Pensacola households are renters.


Rent Burden

35.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Escambia County 1
Florida 2
National 2
Studio $833 $822 $737
1 bedroom $901 $891 $813
2 bedroom $1,059 $1,089 $1,015
3 bedroom $1,486 $1,448 $1,325
4 bedroom $1,834 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Pensacola Demographics


Median Individual Income
$29,042 / year

Median Household Income
$50,493 / year

Families w/ Dual Incomes
45%

Unemployment Rate
5.6%
Household Income Distribution
Pensacola, FL

Median Age
37 years

Avg Family Size
3.22 people
Age Distribution
Pensacola, FL

College Education or Above
37%

STEM College Graduates
45%
Education Distribution
Pensacola, FL
Source: U.S. Census Bureau

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