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Multifamily Loans in Massachusetts

Overview

893,352 (or 12.96%) of the 6,892,503 population of Massachusetts live in 5+ unit apartment properties. Massachusetts has approximately 519,095 multifamily units. Last year, 9,339 new apartment units were constructed in Massachusetts, representing a 1.83% growth in units. Multifamily units make up 18.99% of the total housing stock in Massachusetts.

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

Get multifamily loan quotes for Aug 18, 2022


Multifamily Loan Rates in Massachusetts

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

Loan Amount
$1M to $6M
5 Year Fixed 4.57% - 5.37%
7 Year Fixed 4.83% - 5.28%
10 Year Fixed 4.89% - 5.42%
Loan Amount
$6M to $100M
5 Year Fixed 4.20% - 4.92%
7 Year Fixed 4.25% - 5.17%
10 Year Fixed 4.14% - 5.01%
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 08/17/2022.

Get multifamily loan quotes for Aug 18, 2022


Massachusetts Rents

The state of Massachusetts prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $774 $1,842 $1,259
1 bedroom $779 $2,034 $1,399
2 bedroom $1,027 $2,470 $1,747
3 bedroom $1,346 $3,072 $2,190
4 bedroom $1,393 $3,349 $2,423
1 County median 2 Average of counties
Source: Federal Housing Finance Agency