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Multifamily Loans in Utah

Overview

276,580 (or 8.63%) of the 3,205,958 population of Utah 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 Aug 18, 2022


Multifamily Loan Rates in Utah

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

Loan Amount
$1M to $6M
5 Year Fixed 4.57% - 5.32%
7 Year Fixed 4.65% - 4.13%
10 Year Fixed 4.84% - 5.37%
Loan Amount
$6M to $100M
5 Year Fixed 4.20% - 4.92%
7 Year Fixed 4.25% - 5.17%
10 Year Fixed 4.14% - 5.01%
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 08/17/2022.

Get multifamily loan quotes for Aug 18, 2022


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
Source: Federal Housing Finance Agency