Ann Arbor Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Ann Arbor, Michigan
Ann Arbor: In the Spotlight
Ann Arbor, Michigan is located 65 miles from the state’s capital city of Detroit and is part of the Ann Arbor Metropolitan Statistical Area. The population of Ann Arbor is just over 117,000, making it the 6th most populous city in the state. It also covers around 28 square miles of land. Ann Arbor is home to the fantastical fairy doors that popped up in 2006 and quickly became a cultural staple, and boasts the 2nd largest football stadium in the world, which is the home stadium of the college football team with the record of having the most wins, the Wolverines.
- The unemployment rate is currently around 4.3%.
- The median household income is $65,745.
- The median age in Ann Arbor is 27 years old
- Ann Arbor employs over 63,000 residents
Ann Arbor Apartment Loan and Multifamily Property Facts
Ann Arbor is part of the Michigan market, which has seen some growth after recovering from 2020. Although unemployment is still high and people are still uncertain, the multifamily market is starting to pick up steam. Vacancy rates and new deals are helping spur the market.
- Ann Arbor has a relatively low vacancy of around 3.6% across all rental properties
- There has been a marginal rent decrease, to $1,139 per month
- The homeownership rate is roughly 45%, which leaves around 55% of residents looking for rental properties.
Although 2020 was a difficult time in Ann Arbor, just as it was everywhere, the city is on the rebound and the market is looking good. With new developments and promising sales on the record, now is a good time to consider an apartment loan in the city.
Ann Arbor Apartment Loan and Lending Options
In Ann Arbor, Michigan there are several different ways that you can finance your new apartment investment. We work with opportunities like:
- Conventional apartment loans
- Fannie Mae apartment financing
- Freddie Mac apartment financing
- FHA/HUD financing
- Mezzanine financing
- CMBS loans
- Bridge loans
- Apartment construction loans
- And more!
Finance Your Ann Arbor Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Ann Arbor, MI. We work with value-add opportunities, ground-up developments, stabilized properties, and more. We know what it takes to get financed and find the best rates and we can help you get what you need.
The market in Ann Arbor is growing by the day and we can help you find the financing that you need before the competition gets too fierce. Whether you are financing your first deal or just looking for your next one, we’ve got you covered.
When you’re ready to talk more or get started on your investment, contact our Ann Arbor Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.