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Multifamily Loans in Maryland

Overview

877,993 (or 14.52%) of the 6,045,680 population of Maryland live in 5+ unit apartment properties. Maryland has approximately 460,249 multifamily units. Last year, 4,788 new apartment units were constructed in Maryland, representing a 1.05% growth in units. Multifamily units make up 19.89% of the total housing stock in Maryland.

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

Get multifamily loan quotes for Feb 06, 2023


Multifamily Loan Rates in Maryland

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

Loan Amount
$1M to $6M
5 Year Fixed 6.42% - 7.12%
7 Year Fixed 6.63% - 7.06%
10 Year Fixed 6.54% - 6.92%
Loan Amount
$6M to $100M
5 Year Fixed 5.27% - 5.97%
7 Year Fixed 5.28% - 6.18%
10 Year Fixed 5.16% - 6.01%
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 02/05/2023.

Get multifamily loan quotes for Feb 06, 2023


Maryland Rents

The state of Maryland has rent control.

Bedrooms
Low1
High2
Average2
Studio $494 $1,643 $1,013
1 bedroom $615 $1,682 $1,126
2 bedroom $748 $1,917 $1,365
3 bedroom $1,023 $2,457 $1,803
4 bedroom $1,295 $2,978 $2,127
1 County median 2 Average of counties
Source: Federal Housing Finance Agency