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Multifamily Loans in South Carolina

Overview

387,209 (or 7.52%) of the 5,148,714 population of South Carolina live in 5+ unit apartment properties. South Carolina has approximately 239,766 multifamily units. Last year, 5,718 new apartment units were constructed in South Carolina, representing a 2.44% growth in units. Multifamily units make up 16.68% of the total housing stock in South Carolina.

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

Get multifamily loan quotes for Jun 21, 2024


Multifamily Loan Rates in South Carolina

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

Loan Amount
$1M to $6M
5 Year Fixed 5.87% - 6.47%
7 Year Fixed 5.93% - 6.26%
10 Year Fixed 5.84% - 6.12%
Loan Amount
$6M to $100M
5 Year Fixed 5.75% - 6.25%
7 Year Fixed 5.72% - 6.22%
10 Year Fixed 5.64% - 6.14%
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 06/20/2024.

Get multifamily loan quotes for Jun 21, 2024


South Carolina Rents

The state of South Carolina prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $501 $1,108 $697
1 bedroom $515 $1,155 $732
2 bedroom $679 $1,317 $879
3 bedroom $852 $1,685 $1,158
4 bedroom $921 $2,237 $1,369
1 County median 2 Average of counties
Source: Federal Housing Finance Agency