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Multifamily Loans in Arizona

Overview

Of the 7,278,717 Arizona residents, 817,628 (or 11.23%) live in 5+ unit apartment properties. Arizona has approximately 435,709 multifamily units. Last year, 16,714 new apartment units were constructed in Arizona, representing a 3.99% growth in units. Multifamily units make up 18.91% of the total housing stock in Arizona.

Interest rates for multifamily loans in Arizona are very competitive. Arizona 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 Arizona.

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in Arizona

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.97%
7 Year Fixed 3.20% - 3.83%
10 Year Fixed 3.48% - 4.12%
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


Arizona Rents

The state of Arizona prohibits mandatory inclusionary zonings and rent control.

Bedrooms
Low1
High2
Average2
Studio $562 $1,115 $747
1 bedroom $624 $1,154 $822
2 bedroom $822 $1,429 $1,038
3 bedroom $1,101 $1,899 $1,433
4 bedroom $1,115 $2,236 $1,597
1 County median 2 Average of counties