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Multifamily Loans in
Slidell, LA

Overview

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

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Slidell, LA

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Slidell 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 Slidell 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 Slidell, LA

All major multifamily lender types are lending in Slidell.


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


Slidell Market

The city of Slidell in St. Tammany Parish has a population of 27,633. The median rent in St. Tammany Parish for a 2 bedroom is $1,127. The median Slidell resident is 37 years old with a yearly income of $27,480. The average family has 3.37 members and a median household income of $54,906. Slidell has a 25% higher education rate. The unemployment rate in Slidell is 7.0%.


Population
27,633 people

County
St. Tammany Parish

Renters

31.4% of Slidell households are renters.


Rent Burden

39.3% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
St. Tammany 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

Slidell Demographics


Median Individual Income
$27,480 / year

Median Household Income
$54,906 / year

Families w/ Dual Incomes
45%

Unemployment Rate
7.0%
Household Income Distribution
Slidell, LA

Median Age
37 years

Avg Family Size
3.37 people
Age Distribution
Slidell, LA

College Education or Above
25%

STEM College Graduates
45%
Education Distribution
Slidell, LA
Source: U.S. Census Bureau

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