Bossier City is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Bossier City are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Bossier City are slightly higher than the national average. Bossier City 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 Bossier City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bossier City are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.82% - 7.06% |
| 10 Year Fixed | 6.73% - 6.97% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bossier City.
The city of Bossier City in Bossier Parish has a population of 68,159. The median rent in Bossier Parish for a 2 bedroom is $913. The median Bossier City resident is 34 years old with a yearly income of $27,867. The average family has 3 members and a median household income of $50,340. Bossier City has a 23% higher education rate. The unemployment rate in Bossier City is 5.3%.
47.2% of Bossier City households are renters.
33.4% median household income spent on rent.
Bedrooms |
Bossier Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $647 | $665 | $737 |
| 1 bedroom | $773 | $729 | $813 |
| 2 bedroom | $913 | $888 | $1,015 |
| 3 bedroom | $1,136 | $1,160 | $1,325 |
| 4 bedroom | $1,304 | $1,326 | $1,521 |
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