Fort Lauderdale is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Fort Lauderdale are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Fort Lauderdale are some of the lowest nationally. Fort Lauderdale 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 Fort Lauderdale.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fort Lauderdale are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.22% - 5.46% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Fort Lauderdale.
The city of Fort Lauderdale in Broward County has a population of 182,437. The median rent in Broward County for a 2 bedroom is $1,628. The median Fort Lauderdale resident is 42 years old with a yearly income of $31,081. The average family has 3.32 members and a median household income of $59,450. Fort Lauderdale has a 37% higher education rate. The unemployment rate in Fort Lauderdale is 7.0%.
47.3% of Fort Lauderdale households are renters.
35.6% median household income spent on rent.
Bedrooms |
Broward County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,142 | $822 | $737 |
| 1 bedroom | $1,292 | $891 | $813 |
| 2 bedroom | $1,628 | $1,089 | $1,015 |
| 3 bedroom | $2,330 | $1,448 | $1,325 |
| 4 bedroom | $2,819 | $1,716 | $1,521 |
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