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Multifamily Loans in
South Bradenton, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in South Bradenton, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in South Bradenton 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.30% - 3.70%
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 South Bradenton 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 South Bradenton, FL

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


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


South Bradenton Market

The city of South Bradenton in Manatee County has a population of 25,227. The median rent in Manatee County for a 2 bedroom is $1,383. The median South Bradenton resident is 45 years old with a yearly income of $22,085. The average family has 3.28 members and a median household income of $36,933. South Bradenton has a 15% higher education rate. The unemployment rate in South Bradenton is 7.0%.


Population
25,227 people

County
Manatee County

Renters

46% of South Bradenton households are renters.


Rent Burden

34.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Manatee County 1
Florida 2
National 2
Studio $912 $822 $737
1 bedroom $1,076 $891 $813
2 bedroom $1,383 $1,089 $1,015
3 bedroom $1,829 $1,448 $1,325
4 bedroom $2,202 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

South Bradenton Demographics


Median Individual Income
$22,085 / year

Median Household Income
$36,933 / year

Families w/ Dual Incomes
35%

Unemployment Rate
7.0%
Household Income Distribution
South Bradenton, FL

Median Age
45 years

Avg Family Size
3.28 people
Age Distribution
South Bradenton, FL

College Education or Above
15%

STEM College Graduates
37%
Education Distribution
South Bradenton, FL
Source: U.S. Census Bureau

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