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Multifamily Loans in West Virginia

Overview

Of the 1,792,147 West Virginia residents, 86,702 (or 4.84%) live in 5+ unit apartment properties. West Virginia has approximately 55,112 multifamily units. Last year, 348 new apartment units were constructed in West Virginia, representing a 0.64% growth in units. Multifamily units make up 14.97% of the total housing stock in West Virginia.

Interest rates for multifamily loans in West Virginia are very competitive. West Virginia 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 West Virginia.

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in West Virginia

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

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.92%
7 Year Fixed 3.28% - 3.86%
10 Year Fixed 3.53% - 4.02%
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


West Virginia Rents

The state of West Virginia is a Dillon Rule state with no rent control nor preemptions.

Bedrooms
Low1
High2
Average2
Studio $467 $873 $595
1 bedroom $517 $879 $629
2 bedroom $676 $1,142 $769
3 bedroom $841 $1,502 $1,010
4 bedroom $917 $1,946 $1,163
1 County median 2 Average of counties