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Multifamily Loans in Ohio

Overview

1,079,898 (or 9.24%) of the 11,689,100 population of Ohio live in 5+ unit apartment properties. Ohio has approximately 691,936 multifamily units. Last year, 10,135 new apartment units were constructed in Ohio, representing a 1.49% growth in units. Multifamily units make up 14.14% of the total housing stock in Ohio.

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

Get multifamily loan quotes for Feb 06, 2023


Multifamily Loan Rates in Ohio

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

Loan Amount
$1M to $6M
5 Year Fixed 6.37% - 7.22%
7 Year Fixed 6.58% - 7.08%
10 Year Fixed 6.49% - 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


Ohio Rents

The state of Ohio has no rent control or preemptions.

Bedrooms
Low1
High2
Average2
Studio $484 $803 $597
1 bedroom $557 $886 $662
2 bedroom $734 $1,154 $834
3 bedroom $913 $1,435 $1,084
4 bedroom $995 $1,657 $1,205
1 County median 2 Average of counties
Source: Federal Housing Finance Agency