Loading...

Multifamily Loans in
The Crossings, FL

Overview

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

Get multifamily loan quotes for Dec 03, 2021


Multifamily Loan Rates in The Crossings, FL

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

All major multifamily lender types are lending in The Crossings.


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


The Crossings Market

The city of The Crossings in Miami-Dade County has a population of 22,441. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median The Crossings resident is 44 years old with a yearly income of $31,760. The average family has 3.41 members and a median household income of $76,376. The Crossings has a 37% higher education rate. The unemployment rate in The Crossings is 3.0%.


Population
22,441 people

County
Miami-Dade County

Renters

25.6% of The Crossings households are renters.


Rent Burden

31.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

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
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

The Crossings Demographics


Median Individual Income
$31,760 / year

Median Household Income
$76,376 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.0%
Household Income Distribution
The Crossings, FL

Median Age
44 years

Avg Family Size
3.41 people
Age Distribution
The Crossings, FL

College Education or Above
37%

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

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day