754,681 (or 13.11%) of the 5,758,736 population of Colorado live in 5+ unit apartment properties. Colorado has approximately 449,530 multifamily units. Last year, 12,708 new apartment units were constructed in Colorado, representing a 2.91% growth in units. Multifamily units make up 16.18% of the total housing stock in Colorado.
Interest rates for multifamily loans in Colorado are very competitive. Colorado 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 Colorado.
SoftQuotes' lender rates for 5+ unit multifamily loans in Colorado are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.72% - 7.57% |
| 7 Year Fixed | 6.68% - 7.18% |
| 10 Year Fixed | 6.64% - 7.12% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.50% |
| 7 Year Fixed | 5.96% - 6.51% |
| 10 Year Fixed | 5.89% - 6.44% |
The state of Colorado prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $553 | $1,385 | $873 |
| 1 bedroom | $557 | $1,547 | $932 |
| 2 bedroom | $734 | $1,867 | $1,168 |
| 3 bedroom | $930 | $2,556 | $1,570 |
| 4 bedroom | $1,018 | $2,947 | $1,825 |