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Multifamily Loans in Indiana

Overview

533,334 (or 7.92%) of the 6,732,219 population of Indiana live in 5+ unit apartment properties. Indiana has approximately 349,080 multifamily units. Last year, 5,129 new apartment units were constructed in Indiana, representing a 1.49% growth in units. Multifamily units make up 12.84% of the total housing stock in Indiana.

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

Get multifamily loan quotes for Jan 29, 2022


Multifamily Loan Rates in Indiana

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

Loan Amount
$1M to $6M
5 Year Fixed 3.14% - 4.17%
7 Year Fixed 3.28% - 3.93%
10 Year Fixed 3.53% - 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


Indiana Rents

The state of Indiana prohibits mandatory inclusionary zonings and rent control.

Bedrooms
Low1
High2
Average2
Studio $483 $817 $593
1 bedroom $555 $831 $666
2 bedroom $732 $1,007 $840
3 bedroom $910 $1,349 $1,099
4 bedroom $993 $1,698 $1,251
1 County median 2 Average of counties
Source: Federal Housing Finance Agency