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Multifamily Loans in
Baton Rouge, LA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Baton Rouge, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Baton Rouge 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 3.51% - 3.75%
7 Year Fixed 3.37% - 3.61%
10 Year Fixed 3.51% - 3.75%
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 3.22% - 3.47%
7 Year Fixed 3.39% - 3.84%
10 Year Fixed 3.37% - 3.77%
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 Baton Rouge 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 Baton Rouge, LA

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


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


Baton Rouge Market

The city of Baton Rouge in East Baton Rouge Parish has a population of 220,236. The median rent in East Baton Rouge Parish for a 2 bedroom is $1,087. The median Baton Rouge resident is 32 years old with a yearly income of $23,069. The average family has 3.5 members and a median household income of $44,470. Baton Rouge has a 33% higher education rate. The unemployment rate in Baton Rouge is 8.4%.


Population
220,236 people

County
East Baton Rouge Parish

Renters

50.2% of Baton Rouge households are renters.


Rent Burden

37.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
East Baton Rouge Parish 1
Louisiana 2
National 2
Studio $852 $665 $737
1 bedroom $918 $729 $813
2 bedroom $1,087 $888 $1,015
3 bedroom $1,385 $1,160 $1,325
4 bedroom $1,698 $1,326 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Baton Rouge Demographics


Median Individual Income
$23,069 / year

Median Household Income
$44,470 / year

Families w/ Dual Incomes
47%

Unemployment Rate
8.4%
Household Income Distribution
Baton Rouge, LA

Median Age
32 years

Avg Family Size
3.5 people
Age Distribution
Baton Rouge, LA

College Education or Above
33%

STEM College Graduates
44%
Education Distribution
Baton Rouge, LA
Source: U.S. Census Bureau

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