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Multifamily Loans in
Port St. Lucie, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Port St. Lucie, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Port St. Lucie 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 Port St. Lucie 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 Port St. Lucie, FL

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


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


Port St. Lucie Market

The city of Port St. Lucie in St. Lucie County has a population of 201,846. The median rent in St. Lucie County for a 2 bedroom is $1,298. The median Port St. Lucie resident is 43 years old with a yearly income of $28,704. The average family has 3.35 members and a median household income of $60,587. Port St. Lucie has a 23% higher education rate. The unemployment rate in Port St. Lucie is 4.7%.


Population
201,846 people

County
St. Lucie County

Renters

23.1% of Port St. Lucie households are renters.


Rent Burden

32.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Lucie County 1
Florida 2
National 2
Studio $993 $822 $737
1 bedroom $999 $891 $813
2 bedroom $1,298 $1,089 $1,015
3 bedroom $1,735 $1,448 $1,325
4 bedroom $1,962 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Port St. Lucie Demographics


Median Individual Income
$28,704 / year

Median Household Income
$60,587 / year

Families w/ Dual Incomes
50%

Unemployment Rate
4.7%
Household Income Distribution
Port St. Lucie, FL

Median Age
43 years

Avg Family Size
3.35 people
Age Distribution
Port St. Lucie, FL

College Education or Above
23%

STEM College Graduates
41%
Education Distribution
Port St. Lucie, FL
Source: U.S. Census Bureau

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