Commercial real estate lending in Clay County, FL
Clay County is home to 223,436 residents with a median household income of $86,094 and 7.8% population growth over five years. Commercial deals here are underwritten to Florida's typical standards — around 1.25x DSCR and 75% maximum LTV on stabilized assets — with pricing shaped by the county fundamentals below.
Market character
A bedroom county for Jacksonville, Clay has filled in along State Road 21 with garden multifamily and neighborhood retail chasing military and logistics-sector households commuting from across the county line. Little standalone employment base of its own means most product here underwrites on rooftop counts rather than local job growth.
Clay County by the numbers
| Population | 223,436 |
| 5-year population change | +7.8% |
| Median household income | $86,094 |
| Median age | 40.2 |
| Median home value | $281,500 |
| Median gross rent | $1,464/mo |
| Housing units | 87,165 |
| Renter-occupied share | 23.8% |
Source: U.S. Census Bureau, ACS 5-year estimates (2023).
Underwriting a Clay County deal
A Clay County property clears the same four constraints as any Florida deal — 1.25x minimum DSCR and 75% maximum LTV on stabilized assets, an 8% debt-yield floor, and loan-to-cost caps on construction — with benchmark cap rates for FL spanning roughly 5.5% (multifamily) to 7.5% (hotel). The full state-by-asset-class table lives on the benchmarks page; run Clay County numbers through the loan sizer to see which constraint binds.
Florida closing costs to budget
Financing in Clay County carries Florida's documentary stamp tax and intangible tax — about 0.55% of the loan, due in full on every refinance. Insurance is the other Florida-specific line: wind and flood premiums increasingly decide whether a coastal deal's DSCR clears. Estimate a Clay County deal with the closing cost calculator or read the doc stamps guide.
Financing a property in Clay County?
Relendi analyzes your deal against real underwriting criteria — DSCR, LTV, debt yield, and market benchmarks — in minutes.
Analyze my deal freeFrequently asked questions
What DSCR do lenders require in Clay County?
In Clay County — a market of 223,436 residents where median gross rent runs $1,464 a month — lenders apply Florida's usual floors: typically 1.25x DSCR stabilized, 1.20x on acquisitions, 1.10x on bridge or construction. The county changes which lenders compete for the deal more than it changes the ratio.
What are typical commercial cap rates in Clay County?
Statewide Florida benchmarks run roughly 5.5% for multifamily up to 7.5% for hotels; where Clay County deals price inside those bands depends on submarket, asset quality, and tenancy — in a county whose median home value is $281,500, residential-adjacent product tends to price toward the wider end. Individual comps set real pricing.