Louisville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Louisville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Louisville are competitive. Louisville 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 Louisville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Louisville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 10 Year Fixed | 5.19% - 5.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Louisville.
The city of Louisville in Jefferson County has a population of 617,638. The median rent in Jefferson County for a 2 bedroom is $979. The median Louisville resident is 38 years old with a yearly income of $29,935. The average family has 3.13 members and a median household income of $53,436. Louisville has a 30% higher education rate. The unemployment rate in Louisville is 6.0%.
39.9% of Louisville households are renters.
31% median household income spent on rent.
Bedrooms |
Jefferson County 1 |
Kentucky 2 |
National 2 |
|---|---|---|---|
| Studio | $692 | $548 | $737 |
| 1 bedroom | $810 | $605 | $813 |
| 2 bedroom | $979 | $763 | $1,015 |
| 3 bedroom | $1,311 | $1,011 | $1,325 |
| 4 bedroom | $1,502 | $1,144 | $1,521 |
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