Sunny Isles Beach is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Sunny Isles Beach are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Sunny Isles Beach are some of the lowest nationally. Sunny Isles 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 Sunny Isles Beach.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sunny Isles Beach are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.12% - 6.36% |
| 7 Year Fixed | 6.23% - 6.47% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.54% |
| 7 Year Fixed | 5.49% - 5.59% |
| 10 Year Fixed | 5.47% - 5.57% |
All major multifamily lender types are lending in Sunny Isles Beach.
The city of Sunny Isles Beach in Miami-Dade County has a population of 21,804. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Sunny Isles Beach resident is 49 years old with a yearly income of $32,618. The average family has 2.83 members and a median household income of $55,350. Sunny Isles Beach has a 45% higher education rate. The unemployment rate in Sunny Isles Beach is 3.4%.
51% of Sunny Isles Beach households are renters.
38.6% median household income spent on rent.
Bedrooms |
Miami-Dade County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,148 | $822 | $737 |
| 1 bedroom | $1,336 | $891 | $813 |
| 2 bedroom | $1,684 | $1,089 | $1,015 |
| 3 bedroom | $2,245 | $1,448 | $1,325 |
| 4 bedroom | $2,696 | $1,716 | $1,521 |
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