Loading...

Multifamily Loans in
Royal Palm Beach, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Royal Palm Beach, FL

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

All major multifamily lender types are lending in Royal Palm 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


Royal Palm Beach Market

The city of Royal Palm Beach in Palm Beach County has a population of 40,396. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Royal Palm Beach resident is 39 years old with a yearly income of $33,556. The average family has 3.65 members and a median household income of $82,582. Royal Palm Beach has a 36% higher education rate. The unemployment rate in Royal Palm Beach is 3.5%.


Population
40,396 people

County
Palm Beach County

Renters

21.2% of Royal Palm Beach households are renters.


Rent Burden

30.2% 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

Royal Palm Beach Demographics


Median Individual Income
$33,556 / year

Median Household Income
$82,582 / year

Families w/ Dual Incomes
61%

Unemployment Rate
3.5%
Household Income Distribution
Royal Palm Beach, FL

Median Age
39 years

Avg Family Size
3.65 people
Age Distribution
Royal Palm Beach, FL

College Education or Above
36%

STEM College Graduates
45%
Education Distribution
Royal Palm Beach, 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