Multifamily Loans in Louisiana

Overview

316,414 (or 6.81%) of the 4,648,794 population of Louisiana live in 5+ unit apartment properties. Louisiana has approximately 205,924 multifamily units. Last year, 1,249 new apartment units were constructed in Louisiana, representing a 0.61% growth in units. Multifamily units make up 11.26% of the total housing stock in Louisiana.

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

Get multifamily loan quotes for Jul 27, 2024

Multifamily Loan Rates in Louisiana

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

Loan Amount
$1M to $6M
5 Year Fixed 5.87% - 6.47%
7 Year Fixed 5.93% - 6.26%
10 Year Fixed 5.84% - 6.12%
Loan Amount
$6M to $100M
5 Year Fixed 5.75% - 6.25%
7 Year Fixed 5.72% - 6.22%
10 Year Fixed 5.64% - 6.14%
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 07/26/2024.

Get multifamily loan quotes for Jul 27, 2024

Louisiana Rents

The state of Louisiana prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $513 $852 $665
1 bedroom $550 $955 $729
2 bedroom $725 $1,127 $888
3 bedroom $902 $1,457 $1,160
4 bedroom $983 $1,698 $1,326
1 County median 2 Average of counties
Source: Federal Housing Finance Agency
Table of Contents
Overview
Loan Rates
Rents
Loans by City

Louisiana Multifamily Loans by City

Alexandria, LA
Baton Rouge, LA
Bayou Cane, LA
Bossier City, LA
Chalmette, LA
Hammond, LA
Harvey, LA
Houma, LA
Kenner, LA
Lafayette, LA
Lake Charles, LA
Laplace, LA
Marrero, LA
Metairie, LA
Monroe, LA
New Iberia, LA
New Orleans, LA
Prairieville, LA
Ruston, LA
Shenandoah, LA
Shreveport, LA
Slidell, LA
Sulphur, LA
Terrytown, LA