Commercial real estate lending in Palm Beach County, FL
Palm Beach County is home to 1,507,453 residents with a median household income of $81,115 and 4.2% 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
Post-2020 wealth migration turned West Palm Beach into a legitimate office market — one of the few in the country with rent growth — alongside long-standing luxury retail and country-club-adjacent multifamily. Deals skew larger and sponsors more institutional than the Florida average; lenders compete hardest here on stabilized trophy assets.
Palm Beach County by the numbers
| Population | 1,507,453 |
| 5-year population change | +4.2% |
| Median household income | $81,115 |
| Median age | 45.4 |
| Median home value | $407,300 |
| Median gross rent | $1,818/mo |
| Housing units | 713,855 |
| Renter-occupied share | 30.1% |
Source: U.S. Census Bureau, ACS 5-year estimates (2023).
Underwriting a Palm Beach County deal
A Palm Beach 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 Palm Beach County numbers through the loan sizer to see which constraint binds.
Florida closing costs to budget
Financing in Palm Beach 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 Palm Beach County deal with the closing cost calculator or read the doc stamps guide.
Financing a property in Palm Beach 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 Palm Beach County?
In Palm Beach County — a market of 1,507,453 residents where median gross rent runs $1,818 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 Palm Beach County?
Statewide Florida benchmarks run roughly 5.5% for multifamily up to 7.5% for hotels; where Palm Beach County deals price inside those bands depends on submarket, asset quality, and tenancy — in a county whose median home value is $407,300, residential-adjacent product tends to price at the tighter end. Individual comps set real pricing.