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Multifamily Loans in
Wesley Chapel, FL

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Wesley Chapel, FL

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

All major multifamily lender types are lending in Wesley Chapel.


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


Wesley Chapel Market

The city of Wesley Chapel in Pasco County has a population of 58,208. The median rent in Pasco County for a 2 bedroom is $1,375. The median Wesley Chapel resident is 37 years old with a yearly income of $39,666. The average family has 3.42 members and a median household income of $84,951. Wesley Chapel has a 42% higher education rate. The unemployment rate in Wesley Chapel is 4.5%.


Population
58,208 people

County
Pasco County

Renters

26% of Wesley Chapel households are renters.


Rent Burden

27.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Pasco 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

Wesley Chapel Demographics


Median Individual Income
$39,666 / year

Median Household Income
$84,951 / year

Families w/ Dual Incomes
58%

Unemployment Rate
4.5%
Household Income Distribution
Wesley Chapel, FL

Median Age
37 years

Avg Family Size
3.42 people
Age Distribution
Wesley Chapel, FL

College Education or Above
42%

STEM College Graduates
41%
Education Distribution
Wesley Chapel, FL
Source: U.S. Census Bureau

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