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Multifamily Loans in
Sunrise, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Sunrise, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sunrise 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 3.06% - 3.31%
7 Year Fixed 3.23% - 3.68%
10 Year Fixed 3.20% - 3.60%
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 Sunrise 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 Sunrise, FL

All major multifamily lender types are lending in Sunrise.


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 03, 2021


Sunrise Market

The city of Sunrise in Broward County has a population of 95,166. The median rent in Broward County for a 2 bedroom is $1,628. The median Sunrise resident is 40 years old with a yearly income of $27,618. The average family has 3.56 members and a median household income of $54,744. Sunrise has a 27% higher education rate. The unemployment rate in Sunrise is 5.8%.


Population
95,166 people

County
Broward County

Renters

33.5% of Sunrise households are renters.


Rent Burden

38.4% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Broward County 1
Florida 2
National 2
Studio $1,142 $822 $737
1 bedroom $1,292 $891 $813
2 bedroom $1,628 $1,089 $1,015
3 bedroom $2,330 $1,448 $1,325
4 bedroom $2,819 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Sunrise Demographics


Median Individual Income
$27,618 / year

Median Household Income
$54,744 / year

Families w/ Dual Incomes
56%

Unemployment Rate
5.8%
Household Income Distribution
Sunrise, FL

Median Age
40 years

Avg Family Size
3.56 people
Age Distribution
Sunrise, FL

College Education or Above
27%

STEM College Graduates
39%
Education Distribution
Sunrise, FL
Source: U.S. Census Bureau

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