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Multifamily Loans in
Plantation, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Plantation, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Plantation 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 3.11% - 3.36%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.23% - 3.63%
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 Plantation 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 Plantation, FL

All major multifamily lender types are lending in Plantation.


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


Plantation Market

The city of Plantation in Broward County has a population of 94,580. The median rent in Broward County for a 2 bedroom is $1,628. The median Plantation resident is 40 years old with a yearly income of $35,784. The average family has 3.32 members and a median household income of $74,903. Plantation has a 43% higher education rate. The unemployment rate in Plantation is 4.3%.


Population
94,580 people

County
Broward County

Renters

36.2% of Plantation households are renters.


Rent Burden

34.9% 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

Plantation Demographics


Median Individual Income
$35,784 / year

Median Household Income
$74,903 / year

Families w/ Dual Incomes
56%

Unemployment Rate
4.3%
Household Income Distribution
Plantation, FL

Median Age
40 years

Avg Family Size
3.32 people
Age Distribution
Plantation, FL

College Education or Above
43%

STEM College Graduates
42%
Education Distribution
Plantation, FL
Source: U.S. Census Bureau

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