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Multifamily Loans in Delaware

Overview

90,336 (or 9.28%) of the 973,764 population of Delaware live in 5+ unit apartment properties. Delaware has approximately 52,458 multifamily units. Last year, 973 new apartment units were constructed in Delaware, representing a 1.89% growth in units. Multifamily units make up 13.4% of the total housing stock in Delaware.

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Delaware

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

Loan Amount
$1M to $6M
5 Year Fixed 3.02% - 3.82%
7 Year Fixed 3.28% - 3.73%
10 Year Fixed 3.54% - 4.07%
Loan Amount
$6M to $100M
5 Year Fixed 3.46% - 4.11%
7 Year Fixed 3.59% - 4.44%
10 Year Fixed 3.53% - 4.33%
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 01/28/2022.

Get multifamily loan quotes for Jan 29, 2022


Delaware Rents

The state of Delaware has no rent control or preemptions.

Bedrooms
Low1
High2
Average2
Studio $703 $970 $868
1 bedroom $803 $1,121 $963
2 bedroom $1,058 $1,358 $1,182
3 bedroom $1,432 $1,689 $1,580
4 bedroom $1,651 $1,935 $1,827
1 County median 2 Average of counties
Source: Federal Housing Finance Agency

Delaware Multifamily Loans by City