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Multifamily Loans in Missouri

Overview

435,628 (or 7.10%) of the 6,137,428 population of Missouri live in 5+ unit apartment properties. Missouri has approximately 284,914 multifamily units. Last year, 5,668 new apartment units were constructed in Missouri, representing a 2.03% growth in units. Multifamily units make up 16.75% of the total housing stock in Missouri.

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

Get multifamily loan quotes for Mar 02, 2024


Multifamily Loan Rates in Missouri

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

Loan Amount
$1M to $6M
5 Year Fixed 6.07% - 6.92%
7 Year Fixed 6.18% - 6.68%
10 Year Fixed 6.19% - 6.62%
Loan Amount
$6M to $100M
5 Year Fixed 5.44% - 5.99%
7 Year Fixed 5.49% - 6.04%
10 Year Fixed 5.47% - 6.02%
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 03/01/2024.

Get multifamily loan quotes for Mar 02, 2024


Missouri Rents

The state of Missouri prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $437 $784 $535
1 bedroom $502 $919 $594
2 bedroom $662 $1,095 $761
3 bedroom $823 $1,463 $1,010
4 bedroom $898 $1,665 $1,155
1 County median 2 Average of counties
Source: Federal Housing Finance Agency