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Multifamily Loans in Connecticut

Overview

Of the 3,565,287 Connecticut residents, 378,384 (or 10.61%) live in 5+ unit apartment properties. Connecticut has approximately 234,089 multifamily units. Last year, 2,673 new apartment units were constructed in Connecticut, representing a 1.16% growth in units. Multifamily units make up 11.25% of the total housing stock in Connecticut.

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

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in Connecticut

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 4.02%
7 Year Fixed 3.28% - 3.92%
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


Connecticut Rents

The state of Connecticut prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $825 $1,406 $974
1 bedroom $870 $1,764 $1,155
2 bedroom $1,102 $2,131 $1,442
3 bedroom $1,391 $2,654 $1,820
4 bedroom $1,771 $2,960 $2,144
1 County median 2 Average of counties