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Multifamily Loans in
Poinciana, FL

Overview

Poinciana is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Poinciana are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Poinciana are slightly higher than the national average. Poinciana 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 Poinciana.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Poinciana, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Poinciana 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 Poinciana 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 Poinciana, FL

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


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 03, 2021


Poinciana Market

The city of Poinciana in Polk County has a population of 69,955. The median rent in Polk County for a 2 bedroom is $1,099. The median Poinciana resident is 37 years old with a yearly income of $22,587. The average family has 4.19 members and a median household income of $49,878. Poinciana has a 19% higher education rate. The unemployment rate in Poinciana is 5.7%.


Population
69,955 people

County
Polk County

Renters

31.5% of Poinciana households are renters.


Rent Burden

32% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Polk County 1
Florida 2
National 2
Studio $853 $822 $737
1 bedroom $859 $891 $813
2 bedroom $1,099 $1,089 $1,015
3 bedroom $1,478 $1,448 $1,325
4 bedroom $1,896 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Poinciana Demographics


Median Individual Income
$22,587 / year

Median Household Income
$49,878 / year

Families w/ Dual Incomes
42%

Unemployment Rate
5.7%
Household Income Distribution
Poinciana, FL

Median Age
37 years

Avg Family Size
4.19 people
Age Distribution
Poinciana, FL

College Education or Above
19%

STEM College Graduates
52%
Education Distribution
Poinciana, FL
Source: U.S. Census Bureau

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