Shenandoah is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Shenandoah are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Shenandoah are slightly higher than the national average. Shenandoah apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Shenandoah.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shenandoah 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 $6M |
|---|---|
| 5 Year Fixed | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Shenandoah.
The city of Shenandoah in East Baton Rouge Parish has a population of 20,252. The median rent in East Baton Rouge Parish for a 2 bedroom is $1,087. The median Shenandoah resident is 40 years old with a yearly income of $43,598. The average family has 3.18 members and a median household income of $92,432. Shenandoah has a 48% higher education rate. The unemployment rate in Shenandoah is 3.6%.
21.4% of Shenandoah households are renters.
24.6% median household income spent on rent.
Bedrooms |
East Baton Rouge Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $852 | $665 | $737 |
| 1 bedroom | $918 | $729 | $813 |
| 2 bedroom | $1,087 | $888 | $1,015 |
| 3 bedroom | $1,385 | $1,160 | $1,325 |
| 4 bedroom | $1,698 | $1,326 | $1,521 |
We're here to help.