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Multifamily Loans in
Sebastian, FL

Overview

Sebastian is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Sebastian are considered greater risk due to market dynamics. Interest rates for multifamily loans in Sebastian are higher than the national average. Sebastian 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 Sebastian.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Sebastian, FL

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

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


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


Sebastian Market

The city of Sebastian in Indian River County has a population of 26,118. The median rent in Indian River County for a 2 bedroom is $1,117. The median Sebastian resident is 55 years old with a yearly income of $28,392. The average family has 3.09 members and a median household income of $53,707. Sebastian has a 25% higher education rate. The unemployment rate in Sebastian is 6.2%.


Population
26,118 people

County
Indian River County

Renters

16.8% of Sebastian households are renters.


Rent Burden

26.6% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Indian River County 1
Florida 2
National 2
Studio $737 $822 $737
1 bedroom $930 $891 $813
2 bedroom $1,117 $1,089 $1,015
3 bedroom $1,508 $1,448 $1,325
4 bedroom $1,765 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sebastian Demographics


Median Individual Income
$28,392 / year

Median Household Income
$53,707 / year

Families w/ Dual Incomes
34%

Unemployment Rate
6.2%
Household Income Distribution
Sebastian, FL

Median Age
55 years

Avg Family Size
3.09 people
Age Distribution
Sebastian, FL

College Education or Above
25%

STEM College Graduates
36%
Education Distribution
Sebastian, FL
Source: U.S. Census Bureau

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