Shreveport is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Shreveport are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Shreveport are slightly higher than the national average. Shreveport 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 Shreveport.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shreveport 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 Shreveport.
The city of Shreveport in Caddo Parish has a population of 187,112. The median rent in Caddo Parish for a 2 bedroom is $913. The median Shreveport resident is 36 years old with a yearly income of $22,328. The average family has 3.3 members and a median household income of $39,090. Shreveport has a 25% higher education rate. The unemployment rate in Shreveport is 6.8%.
47.3% of Shreveport households are renters.
39.7% median household income spent on rent.
Bedrooms |
Caddo Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $647 | $665 | $737 |
| 1 bedroom | $773 | $729 | $813 |
| 2 bedroom | $913 | $888 | $1,015 |
| 3 bedroom | $1,136 | $1,160 | $1,325 |
| 4 bedroom | $1,304 | $1,326 | $1,521 |
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