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Multifamily Loans in
Temple Terrace, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in Temple Terrace, FL

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

All major multifamily lender types are lending in Temple Terrace.


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


Temple Terrace Market

The city of Temple Terrace in Hillsborough County has a population of 26,639. The median rent in Hillsborough County for a 2 bedroom is $1,375. The median Temple Terrace resident is 33 years old with a yearly income of $32,595. The average family has 3.35 members and a median household income of $63,018. Temple Terrace has a 41% higher education rate. The unemployment rate in Temple Terrace is 1.7%.


Population
26,639 people

County
Hillsborough County

Renters

48.3% of Temple Terrace households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Hillsborough 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

Temple Terrace Demographics


Median Individual Income
$32,595 / year

Median Household Income
$63,018 / year

Families w/ Dual Incomes
55%

Unemployment Rate
1.7%
Household Income Distribution
Temple Terrace, FL

Median Age
33 years

Avg Family Size
3.35 people
Age Distribution
Temple Terrace, FL

College Education or Above
41%

STEM College Graduates
45%
Education Distribution
Temple Terrace, FL
Source: U.S. Census Bureau

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