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Multifamily Loans in
Metairie, LA

Overview

Metairie is located in a good market for 5+ unit multifamily loans. Multifamily loans in Metairie are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Metairie are competitive. Metairie 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 Metairie.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Metairie, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Metairie 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 3.17% - 3.42%
7 Year Fixed 3.34% - 3.79%
10 Year Fixed 3.32% - 3.72%
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 Metairie 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 Metairie, LA

All major multifamily lender types are lending in Metairie.


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


Metairie Market

The city of Metairie in Jefferson Parish has a population of 142,135. The median rent in Jefferson Parish for a 2 bedroom is $1,127. The median Metairie resident is 42 years old with a yearly income of $32,543. The average family has 3.04 members and a median household income of $59,346. Metairie has a 37% higher education rate. The unemployment rate in Metairie is 3.7%.


Population
142,135 people

County
Jefferson Parish

Renters

39% of Metairie households are renters.


Rent Burden

29.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Jefferson 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

Metairie Demographics


Median Individual Income
$32,543 / year

Median Household Income
$59,346 / year

Families w/ Dual Incomes
53%

Unemployment Rate
3.7%
Household Income Distribution
Metairie, LA

Median Age
42 years

Avg Family Size
3.04 people
Age Distribution
Metairie, LA

College Education or Above
37%

STEM College Graduates
40%
Education Distribution
Metairie, LA
Source: U.S. Census Bureau

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