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Multifamily Loans in
Tamarac, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Tamarac, FL

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

All major multifamily lender types are lending in Tamarac.


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


Tamarac Market

The city of Tamarac in Broward County has a population of 66,721. The median rent in Broward County for a 2 bedroom is $1,628. The median Tamarac resident is 47 years old with a yearly income of $26,918. The average family has 3.24 members and a median household income of $48,930. Tamarac has a 26% higher education rate. The unemployment rate in Tamarac is 4.9%.


Population
66,721 people

County
Broward County

Renters

27.6% of Tamarac households are renters.


Rent Burden

38.5% 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

Tamarac Demographics


Median Individual Income
$26,918 / year

Median Household Income
$48,930 / year

Families w/ Dual Incomes
51%

Unemployment Rate
4.9%
Household Income Distribution
Tamarac, FL

Median Age
47 years

Avg Family Size
3.24 people
Age Distribution
Tamarac, FL

College Education or Above
26%

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

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