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Multifamily Loans in
University Park, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in University Park, FL

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

All major multifamily lender types are lending in University Park.


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 Park Market

The city of University Park in Miami-Dade County has a population of 26,620. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median University Park resident is 42 years old with a yearly income of $21,902. The average family has 3.52 members and a median household income of $54,667. University Park has a 28% higher education rate. The unemployment rate in University Park is 4.8%.


Population
26,620 people

County
Miami-Dade County

Renters

34.9% of University Park households are renters.


Rent Burden

42.9% 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

University Park Demographics


Median Individual Income
$21,902 / year

Median Household Income
$54,667 / year

Families w/ Dual Incomes
59%

Unemployment Rate
4.8%
Household Income Distribution
University Park, FL

Median Age
42 years

Avg Family Size
3.52 people
Age Distribution
University Park, FL

College Education or Above
28%

STEM College Graduates
49%
Education Distribution
University Park, FL
Source: U.S. Census Bureau

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