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Multifamily Loans in
Tarpon Springs, FL

Overview

Tarpon Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Tarpon Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Tarpon Springs are competitive. Tarpon Springs 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 Tarpon Springs.

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Tarpon Springs, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Tarpon Springs 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 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
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 3.25% - 3.65%
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 Tarpon Springs 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 Tarpon Springs, FL

All major multifamily lender types are lending in Tarpon Springs.


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


Tarpon Springs Market

The city of Tarpon Springs in Pinellas County has a population of 25,577. The median rent in Pinellas County for a 2 bedroom is $1,375. The median Tarpon Springs resident is 52 years old with a yearly income of $25,229. The average family has 3.14 members and a median household income of $50,012. Tarpon Springs has a 26% higher education rate. The unemployment rate in Tarpon Springs is 6.9%.


Population
25,577 people

County
Pinellas County

Renters

28.8% of Tarpon Springs households are renters.


Rent Burden

33.7% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pinellas County 1
Florida 2
National 2
Studio $1,070 $822 $737
1 bedroom $1,125 $891 $813
2 bedroom $1,375 $1,089 $1,015
3 bedroom $1,786 $1,448 $1,325
4 bedroom $2,194 $1,716 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Tarpon Springs Demographics


Median Individual Income
$25,229 / year

Median Household Income
$50,012 / year

Families w/ Dual Incomes
39%

Unemployment Rate
6.9%
Household Income Distribution
Tarpon Springs, FL

Median Age
52 years

Avg Family Size
3.14 people
Age Distribution
Tarpon Springs, FL

College Education or Above
26%

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

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