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Multifamily Loans in
University, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in University, FL

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in University 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 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
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 University 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 University, FL

All major multifamily lender types are lending in University.


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


University Market

The city of University in Hillsborough County has a population of 48,436. The median rent in Hillsborough County for a 2 bedroom is $1,375. The median University resident is 27 years old with a yearly income of $19,106. The average family has 3.45 members and a median household income of $28,495. University has a 24% higher education rate. The unemployment rate in University is 10.3%.


Population
48,436 people

County
Hillsborough County

Renters

85.6% of University households are renters.


Rent Burden

40.8% 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

University Demographics


Median Individual Income
$19,106 / year

Median Household Income
$28,495 / year

Families w/ Dual Incomes
37%

Unemployment Rate
10.3%
Household Income Distribution
University, FL

Median Age
27 years

Avg Family Size
3.45 people
Age Distribution
University, FL

College Education or Above
24%

STEM College Graduates
47%
Education Distribution
University, FL
Source: U.S. Census Bureau

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