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Multifamily Loans in Alabama

Overview

Of the 4,903,185 Alabama residents, 373,301 (or 7.61%) 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 Sep 28, 2021


Multifamily Loan Rates in Alabama

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.92%
7 Year Fixed 3.28% - 3.86%
10 Year Fixed 3.53% - 4.02%
Loan Amount
$6M to $100M
5 Year Fixed 2.54% - 2.94%
7 Year Fixed 2.83% - 3.43%
10 Year Fixed 2.95% - 3.50%
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 09/27/2021.

Get multifamily loan quotes for Sep 28, 2021


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