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Multifamily Loans in Utah

Overview

Of the 3,205,958 Utah residents, 276,580 (or 8.63%) live in 5+ unit apartment properties. Utah has approximately 157,345 multifamily units. Last year, 8,022 new apartment units were constructed in Utah, representing a 5.37% growth in units. Multifamily units make up 13.06% of the total housing stock in Utah.

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

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in Utah

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.97%
7 Year Fixed 3.20% - 3.83%
10 Year Fixed 3.48% - 4.12%
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


Utah Rents

The state of Utah prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $514 $969 $659
1 bedroom $568 $1,115 $743
2 bedroom $734 $1,469 $922
3 bedroom $914 $1,827 $1,250
4 bedroom $995 $2,464 $1,497
1 County median 2 Average of counties