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Multifamily Loans in
Laplace, LA

Overview

Laplace is located in a good market for 5+ unit multifamily loans. Multifamily loans in Laplace are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Laplace are competitive. Laplace apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Laplace.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Laplace, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Laplace are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $7.5M
5 Year Fixed 3.32% - 3.56%
7 Year Fixed 3.28% - 3.52%
10 Year Fixed 3.47% - 3.71%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$7.5M to $100M
5 Year Fixed 3.16% - 3.41%
7 Year Fixed 3.33% - 3.78%
10 Year Fixed 3.28% - 3.68%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Laplace may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Laplace, LA

All major multifamily lender types are lending in Laplace.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse and non-recourse

Insurance
Companies

  • Long term fixed rates
  • Lower leverage
  • Tax returns usually required
  • Recourse and non-recourse

Conduits
(CMBS Lenders)
  • Intermediate term fixed rates
  • Maximum leverage
  • Tax returns not required
  • Non-recourse
  • Interest only payment options

Get multifamily loan quotes for Dec 08, 2021


Laplace Market

The city of Laplace in St. John the Baptist Parish has a population of 29,108. The median rent in St. John the Baptist Parish for a 2 bedroom is $1,127. The median Laplace resident is 36 years old with a yearly income of $31,101. The average family has 3.22 members and a median household income of $63,253. Laplace has a 18% higher education rate. The unemployment rate in Laplace is 6.9%.


Population
29,108 people

County
St. John the Baptist Parish

Renters

22.4% of Laplace households are renters.


Rent Burden

30.1% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. John the Baptist Parish 1
Louisiana 2
National 2
Studio $813 $665 $737
1 bedroom $955 $729 $813
2 bedroom $1,127 $888 $1,015
3 bedroom $1,457 $1,160 $1,325
4 bedroom $1,681 $1,326 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Laplace Demographics


Median Individual Income
$31,101 / year

Median Household Income
$63,253 / year

Families w/ Dual Incomes
50%

Unemployment Rate
6.9%
Household Income Distribution
Laplace, LA

Median Age
36 years

Avg Family Size
3.22 people
Age Distribution
Laplace, LA

College Education or Above
18%

STEM College Graduates
46%
Education Distribution
Laplace, LA
Source: U.S. Census Bureau

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