St. Petersburg Apartment Loans

St. Petersburg: In the Spotlight

St. Petersburg, Florida is located on the gulf coast of Florida not far from Tampa, offering plenty of award-winning beaches and top-rated attractions, as well as a great community to call home. While previously known mostly for its “snowbird” population, St. Pete is quickly attracting a younger demographic, with a total population of just over 256.000 people and 59.6 square miles of land area.

St. Pete is the fifth-largest city in Florida and the second-largest in the Tampa Bay area.
The Tampa Bay Rays call St. Petersburg home, creating a need for high-end luxury housing for the MLB employees and players.
The St. Petersburg-Clearwater area has a population of 3.14 million
The median age is 42 years old and the average household income is $54,900

St. Petersburg Apartment Loan and Multifamily Property Facts

In St. Petersburg, apartment loans and multifamily deals are happening every single day. St. Pete is growing quickly and home to some impressive multifamily commercial properties. While the information for 2020 is a little hit-and-miss, 2019 proved the case for this market, which is often combined with Tampa for the sake of easy reporting.

The Tampa/St. Pete multifamily market is #4 in the nation for investments
In 2019, this market broke $3.6 billion in sales
Year-over-year rent growth is up 4.6%
Luxury property sales accounted for 60% of the transactions in 2019
Average rents are up to over $1300 per month in the Tampa/St. Petersburg region

The future is bright for this market and as the pandemic subsides, the real estate market is picking up steam. Now is the time to get started while the iron is hot and the properties are plentiful because the deals won’t be around forever.

St. Petersburg Apartment Loan and Lending Options

In St. Petersburg, Florida there are several different ways that you can finance your new apartment investment. We work with opportunities like:

Finance Your St. Petersburg Apartment Building Now

Apartment.loans specializes in property financing for St. Petersburg, Florida and the surrounding areas. We have a variety of solutions for apartment financing, commercial real estate loans, and more. We work with value-add opportunities, stabilized properties, and ground-up developments alike, and know what it takes to get the deal done.

We know that it’s a higher demand and we know how to get the deal done on the best buildings in the city. Whether you need a standard loan or something different, we can take care of you. To learn more and get started on your new venture, contact our St. Petersburg Apartment Lending Specialists today at desk@janover.co or by calling (561) 556-9997.