Loading...

Multifamily Loans in Alabama

Overview

373,301 (or 7.61%) of the 4,903,185 population of Alabama live in 5+ unit apartment properties. Alabama has approximately 245,982 multifamily units. Last year, 2,125 new apartment units were constructed in Alabama, representing a 0.87% growth in units. Multifamily units make up 12.24% of the total housing stock in Alabama.

Interest rates for multifamily loans in Alabama are very competitive. Alabama apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Alabama.

Get multifamily loan quotes for Nov 28, 2022


Multifamily Loan Rates in Alabama

SoftQuotes' lender rates for 5+ unit multifamily loans in Alabama are:

Loan Amount
$1M to $6M
5 Year Fixed 6.42% - 7.12%
7 Year Fixed 6.63% - 7.06%
10 Year Fixed 6.54% - 6.92%
Loan Amount
$6M to $100M
5 Year Fixed 5.27% - 5.97%
7 Year Fixed 5.28% - 6.18%
10 Year Fixed 5.16% - 6.01%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. This is not an offer or commitment to lend. Rates updated on 11/27/2022.

Get multifamily loan quotes for Nov 28, 2022


Alabama Rents

The state of Alabama prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $426 $891 $580
1 bedroom $481 $950 $626
2 bedroom $634 $1,093 $767
3 bedroom $789 $1,428 $1,004
4 bedroom $860 $1,810 $1,157
1 County median 2 Average of counties
Source: Federal Housing Finance Agency