Slidell is located in a good market for 5+ unit multifamily loans. Multifamily loans in Slidell are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Slidell are competitive. Slidell 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 Slidell.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Slidell 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 | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 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 Slidell.
The city of Slidell in St. Tammany Parish has a population of 27,633. The median rent in St. Tammany Parish for a 2 bedroom is $1,127. The median Slidell resident is 37 years old with a yearly income of $27,480. The average family has 3.37 members and a median household income of $54,906. Slidell has a 25% higher education rate. The unemployment rate in Slidell is 7.0%.
31.4% of Slidell households are renters.
39.3% median household income spent on rent.
Bedrooms |
St. Tammany Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $813 | $665 | $737 |
| 1 bedroom | $955 | $729 | $813 |
| 2 bedroom | $1,127 | $888 | $1,015 |
| 3 bedroom | $1,457 | $1,160 | $1,325 |
| 4 bedroom | $1,681 | $1,326 | $1,521 |
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