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Multifamily Loans in
Alexandria, LA

Overview

Alexandria is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Alexandria are considered greater risk due to market dynamics. Interest rates for multifamily loans in Alexandria are higher than the national average. Alexandria apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Alexandria.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Alexandria, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Alexandria are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.68% - 3.92%
7 Year Fixed 3.57% - 3.81%
10 Year Fixed 3.68% - 3.92%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.27% - 3.52%
7 Year Fixed 3.44% - 3.89%
10 Year Fixed 3.42% - 3.82%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Alexandria may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Alexandria, LA

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Alexandria.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Alexandria Market

The city of Alexandria in Rapides Parish has a population of 46,180. The median rent in Rapides Parish for a 2 bedroom is $862. The median Alexandria resident is 39 years old with a yearly income of $22,383. The average family has 3.2 members and a median household income of $43,497. Alexandria has a 24% higher education rate. The unemployment rate in Alexandria is 9.0%.


Population
46,180 people

County
Rapides Parish

Renters

49% of Alexandria households are renters.


Rent Burden

35.2% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Rapides Parish 1
Louisiana 2
National 2
Studio $569 $665 $737
1 bedroom $684 $729 $813
2 bedroom $862 $888 $1,015
3 bedroom $1,142 $1,160 $1,325
4 bedroom $1,261 $1,326 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Alexandria Demographics


Median Individual Income
$22,383 / year

Median Household Income
$43,497 / year

Families w/ Dual Incomes
40%

Unemployment Rate
9.0%
Household Income Distribution
Alexandria, LA

Median Age
39 years

Avg Family Size
3.2 people
Age Distribution
Alexandria, LA

College Education or Above
24%

STEM College Graduates
41%
Education Distribution
Alexandria, LA
Source: U.S. Census Bureau

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