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Multifamily Loans in
Riverview, FL

Overview

Riverview is located in a good market for 5+ unit multifamily loans. Multifamily loans in Riverview are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Riverview are competitive. Riverview 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 Riverview.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Riverview, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Riverview 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 Riverview 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 Riverview, FL

All major multifamily lender types are lending in Riverview.


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


Riverview Market

The city of Riverview in Hillsborough County has a population of 95,338. The median rent in Hillsborough County for a 2 bedroom is $1,375. The median Riverview resident is 36 years old with a yearly income of $35,719. The average family has 3.46 members and a median household income of $74,622. Riverview has a 31% higher education rate. The unemployment rate in Riverview is 5.7%.


Population
95,338 people

County
Hillsborough County

Renters

27.9% of Riverview households are renters.


Rent Burden

29.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hillsborough County 1
Florida 2
National 2
Studio $1,070 $822 $737
1 bedroom $1,125 $891 $813
2 bedroom $1,375 $1,089 $1,015
3 bedroom $1,786 $1,448 $1,325
4 bedroom $2,194 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Riverview Demographics


Median Individual Income
$35,719 / year

Median Household Income
$74,622 / year

Families w/ Dual Incomes
60%

Unemployment Rate
5.7%
Household Income Distribution
Riverview, FL

Median Age
36 years

Avg Family Size
3.46 people
Age Distribution
Riverview, FL

College Education or Above
31%

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

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