Loading...

Multifamily Loans in
Alexandria, VA

Overview

Alexandria is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Alexandria are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Alexandria are some of the lowest nationally. Alexandria apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Alexandria.

Get multifamily loan quotes for Dec 05, 2021


Multifamily Loan Rates in Alexandria, VA

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 $7.5M
5 Year Fixed 3.04% - 3.28%
7 Year Fixed 3.23% - 3.47%
10 Year Fixed 3.43% - 3.67%
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®
$7.5M to $100M
5 Year Fixed 2.98% - 3.23%
7 Year Fixed 3.14% - 3.59%
10 Year Fixed 3.20% - 3.60%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/04/2021. 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 05, 2021


Multifamily Lenders in Alexandria, VA

All major multifamily lender types are lending in Alexandria.


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

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 05, 2021


Alexandria Market

The city of Alexandria in Alexandria city has a population of 159,428. The median rent in Alexandria city for a 2 bedroom is $1,917. The median Alexandria resident is 37 years old with a yearly income of $59,419. The average family has 3.02 members and a median household income of $100,939. Alexandria has a 63% higher education rate. The unemployment rate in Alexandria is 3.0%.


Population
159,428 people

County
Alexandria city

Renters

56.7% of Alexandria households are renters.


Rent Burden

27.5% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Alexandria city 1
Virginia 2
National 2
Studio $1,643 $833 $737
1 bedroom $1,682 $897 $813
2 bedroom $1,917 $1,072 $1,015
3 bedroom $2,457 $1,423 $1,325
4 bedroom $2,978 $1,680 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Alexandria Demographics


Median Individual Income
$59,419 / year

Median Household Income
$100,939 / year

Families w/ Dual Incomes
65%

Unemployment Rate
3.0%
Household Income Distribution
Alexandria, VA

Median Age
37 years

Avg Family Size
3.02 people
Age Distribution
Alexandria, VA

College Education or Above
63%

STEM College Graduates
50%
Education Distribution
Alexandria, VA
Source: U.S. Census Bureau

Ready To Get Quotes?

We're here to help.

(866) 484-8134

A SoftQuotes advisor is ready to help.

Get Quotes

Quotes within 1 business day