Loading...

Multifamily Loans in
Punta Gorda, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Punta Gorda, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Punta Gorda 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 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
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 3.35% - 3.75%
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 Punta Gorda 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 Punta Gorda, FL

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


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


Punta Gorda Market

The city of Punta Gorda in Charlotte County has a population of 20,369. The median rent in Charlotte County for a 2 bedroom is $1,131. The median Punta Gorda resident is 67 years old with a yearly income of $32,693. The average family has 2.33 members and a median household income of $61,395. Punta Gorda has a 39% higher education rate. The unemployment rate in Punta Gorda is 6.7%.


Population
20,369 people

County
Charlotte County

Renters

18.5% of Punta Gorda households are renters.


Rent Burden

36.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Charlotte County 1
Florida 2
National 2
Studio $847 $822 $737
1 bedroom $918 $891 $813
2 bedroom $1,131 $1,089 $1,015
3 bedroom $1,597 $1,448 $1,325
4 bedroom $1,958 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Punta Gorda Demographics


Median Individual Income
$32,693 / year

Median Household Income
$61,395 / year

Families w/ Dual Incomes
18%

Unemployment Rate
6.7%
Household Income Distribution
Punta Gorda, FL

Median Age
67 years

Avg Family Size
2.33 people
Age Distribution
Punta Gorda, FL

College Education or Above
39%

STEM College Graduates
43%
Education Distribution
Punta Gorda, FL
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day