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Multifamily Loans in North Carolina

Overview

Of the 10,488,084 North Carolina residents, 1,003,824 (or 9.57%) live in 5+ unit apartment properties. North Carolina has approximately 624,726 multifamily units. Last year, 19,367 new apartment units were constructed in North Carolina, representing a 3.2% growth in units. Multifamily units make up 20.63% of the total housing stock in North Carolina.

Interest rates for multifamily loans in North Carolina are very competitive. North Carolina 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 North Carolina.

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in North Carolina

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.92%
7 Year Fixed 3.28% - 3.86%
10 Year Fixed 3.53% - 4.02%
Loan Amount
$6M to $100M
5 Year Fixed 2.54% - 2.94%
7 Year Fixed 2.83% - 3.43%
10 Year Fixed 2.95% - 3.50%
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 09/27/2021.

Get multifamily loan quotes for Sep 28, 2021


North Carolina Rents

The state of North Carolina prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $505 $1,176 $694
1 bedroom $526 $1,179 $713
2 bedroom $693 $1,372 $871
3 bedroom $862 $1,878 $1,152
4 bedroom $960 $2,374 $1,386
1 County median 2 Average of counties