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Multifamily Loans in Texas

Overview

Of the 28,995,881 Texas residents, 4,115,327 (or 14.19%) live in 5+ unit apartment properties. Texas has approximately 2,244,819 multifamily units. Last year, 67,295 new apartment units were constructed in Texas, representing a 3.09% growth in units. Multifamily units make up 21.29% of the total housing stock in Texas.

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

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in Texas

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

Loan Amount
$1M to $6M
5 Year Fixed 2.99% - 4.02%
7 Year Fixed 3.23% - 3.88%
10 Year Fixed 3.48% - 4.07%
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


Texas Rents

The state of Texas prohibits mandatory inclusionary zonings and rent control.

Bedrooms
Low1
High2
Average2
Studio $484 $1,207 $669
1 bedroom $557 $1,309 $738
2 bedroom $734 $1,549 $912
3 bedroom $913 $1,997 $1,210
4 bedroom $995 $2,533 $1,407
1 County median 2 Average of counties

Texas Multifamily Loans by City