Louisville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Louisville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Louisville are slightly higher than the national average. Louisville apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Louisville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Louisville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.23% - 7.47% |
| 7 Year Fixed | 6.84% - 7.08% |
| 10 Year Fixed | 6.78% - 7.02% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Louisville.
The city of Louisville in Boulder County has a population of 20,816. The median rent in Boulder County for a 2 bedroom is $1,867. The median Louisville resident is 42 years old with a yearly income of $48,234. The average family has 3.06 members and a median household income of $103,017. Louisville has a 70% higher education rate. The unemployment rate in Louisville is 3.7%.
29.4% of Louisville households are renters.
30.1% median household income spent on rent.
Bedrooms |
Boulder County 1 |
Colorado 2 |
National 2 |
|---|---|---|---|
| Studio | $1,385 | $873 | $737 |
| 1 bedroom | $1,547 | $932 | $813 |
| 2 bedroom | $1,867 | $1,168 | $1,015 |
| 3 bedroom | $2,556 | $1,570 | $1,325 |
| 4 bedroom | $2,947 | $1,825 | $1,521 |
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