Commercial real estate lending in Pasco County, FL
Pasco County is home to 588,758 residents with a median household income of $67,384 and 15.3% 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
North of Tampa along US-19 and the Suncoast Parkway, Pasco has absorbed a decade of overflow growth: apartment communities, big-box and grocery centers, and warehouse parks feeding the region's supply chain. New Port Richey's older stock trails well behind Wesley Chapel's newer development ring, and lenders treat this as a rooftop-growth story still catching up to its own infrastructure.
Pasco County by the numbers
| Population | 588,758 |
| 5-year population change | +15.3% |
| Median household income | $67,384 |
| Median age | 43.7 |
| Median home value | $265,800 |
| Median gross rent | $1,372/mo |
| Housing units | 265,118 |
| Renter-occupied share | 24.5% |
Source: U.S. Census Bureau, ACS 5-year estimates (2023).
Underwriting a Pasco County deal
A Pasco 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 Pasco County numbers through the loan sizer to see which constraint binds.
Florida closing costs to budget
Financing in Pasco 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 Pasco County deal with the closing cost calculator or read the doc stamps guide.
Financing a property in Pasco County?
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Analyze my deal freeFrequently asked questions
What DSCR do lenders require in Pasco County?
In Pasco County — a market of 588,758 residents where median gross rent runs $1,372 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 Pasco County?
Statewide Florida benchmarks run roughly 5.5% for multifamily up to 7.5% for hotels; where Pasco County deals price inside those bands depends on submarket, asset quality, and tenancy — in a county whose median home value is $265,800, residential-adjacent product tends to price toward the wider end. Individual comps set real pricing.