Lauderdale Lakes is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Lauderdale Lakes are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Lauderdale Lakes are some of the lowest nationally. Lauderdale Lakes 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 Lauderdale Lakes.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lauderdale Lakes 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 Lauderdale Lakes.
The city of Lauderdale Lakes in Broward County has a population of 36,194. The median rent in Broward County for a 2 bedroom is $1,628. The median Lauderdale Lakes resident is 38 years old with a yearly income of $19,803. The average family has 3.82 members and a median household income of $35,532. Lauderdale Lakes has a 13% higher education rate. The unemployment rate in Lauderdale Lakes is 9.7%.
44.9% of Lauderdale Lakes households are renters.
44.4% 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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