Miramar is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Miramar are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Miramar are some of the lowest nationally. Miramar 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 Miramar.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Miramar 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 Miramar.
The city of Miramar in Broward County has a population of 141,191. The median rent in Broward County for a 2 bedroom is $1,628. The median Miramar resident is 37 years old with a yearly income of $33,723. The average family has 3.78 members and a median household income of $70,669. Miramar has a 27% higher education rate. The unemployment rate in Miramar is 5.0%.
30.6% of Miramar households are renters.
34.1% 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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