Commercial real estate lending in Union County, FL
Union County is home to 15,551 residents with a median household income of $64,922 and 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
Union's economy centers on Lake Butler and a cluster of state correctional facilities that anchor local employment more reliably than any private commercial sector could. Agricultural land use fills most of the remaining acreage, and commercial lending activity stays modest, land-secured, and infrequent enough that deals move through familiar local lenders.
Union County by the numbers
| Population | 15,551 |
| 5-year population change | +2% |
| Median household income | $64,922 |
| Median age | 40.1 |
| Median home value | $160,400 |
| Median gross rent | $846/mo |
| Housing units | 4,772 |
| Renter-occupied share | 26.4% |
Source: U.S. Census Bureau, ACS 5-year estimates (2023).
Underwriting a Union County deal
A Union 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 Union County numbers through the loan sizer to see which constraint binds.
Florida closing costs to budget
Financing in Union 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 Union County deal with the closing cost calculator or read the doc stamps guide.
Financing a property in Union 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 Union County?
In Union County — a market of 15,551 residents where median gross rent runs $846 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 Union County?
Statewide Florida benchmarks run roughly 5.5% for multifamily up to 7.5% for hotels; where Union County deals price inside those bands depends on submarket, asset quality, and tenancy — in a county whose median home value is $160,400, residential-adjacent product tends to price toward the wider end. Individual comps set real pricing.