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Multifamily Loans in Kentucky

Overview

338,533 (or 7.58%) of the 4,467,673 population of Kentucky live in 5+ unit apartment properties. Kentucky has approximately 193,283 multifamily units. Last year, 1,714 new apartment units were constructed in Kentucky, representing a 0.89% growth in units. Multifamily units make up 10.5% of the total housing stock in Kentucky.

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

Get multifamily loan quotes for May 21, 2022


Multifamily Loan Rates in Kentucky

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

Loan Amount
$1M to $6M
5 Year Fixed 4.17% - 5.02%
7 Year Fixed 4.38% - 4.88%
10 Year Fixed 4.44% - 4.87%
Loan Amount
$6M to $100M
5 Year Fixed 4.27% - 4.92%
7 Year Fixed 4.28% - 5.13%
10 Year Fixed 4.07% - 4.87%
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 05/20/2022.

Get multifamily loan quotes for May 21, 2022


Kentucky Rents

The state of Kentucky prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $437 $692 $548
1 bedroom $503 $810 $605
2 bedroom $663 $989 $763
3 bedroom $825 $1,349 $1,011
4 bedroom $899 $1,645 $1,144
1 County median 2 Average of counties
Source: Federal Housing Finance Agency