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Multifamily Loans in
Riviera Beach, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Riviera Beach, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Riviera Beach 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 Riviera Beach 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 Riviera Beach, FL

All major multifamily lender types are lending in Riviera Beach.


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


Riviera Beach Market

The city of Riviera Beach in Palm Beach County has a population of 35,463. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Riviera Beach resident is 37 years old with a yearly income of $24,328. The average family has 3.77 members and a median household income of $47,193. Riviera Beach has a 24% higher education rate. The unemployment rate in Riviera Beach is 9.4%.


Population
35,463 people

County
Palm Beach County

Renters

46.9% of Riviera Beach households are renters.


Rent Burden

38% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Palm Beach County 1
Florida 2
National 2
Studio $1,065 $822 $737
1 bedroom $1,278 $891 $813
2 bedroom $1,590 $1,089 $1,015
3 bedroom $2,149 $1,448 $1,325
4 bedroom $2,585 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Riviera Beach Demographics


Median Individual Income
$24,328 / year

Median Household Income
$47,193 / year

Families w/ Dual Incomes
45%

Unemployment Rate
9.4%
Household Income Distribution
Riviera Beach, FL

Median Age
37 years

Avg Family Size
3.77 people
Age Distribution
Riviera Beach, FL

College Education or Above
24%

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

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