Birmingham Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Birmingham, Alabama
Birmingham: In the Spotlight
Birmingham, Alabama is located 90 miles from the state capital city of Montgomery and is part of the Birmingham–Hoover, AL Metropolitan Statistical Area. The population of Birmingham is just over 207,000, making it the most populous city in the state. It also covers around 148 square miles of land. Birmingham is a historically important site of the civil rights movement, and is the only place in the world where all of the ingredients needed to make iron are present, all within a ten mile radius.
- The unemployment rate is incredibly low around 2.6%.
- The median household income is $37,375.
- The median age in Birmingham is 35 years old
- Birmingham employs over 95,000 residents
Birmingham Apartment Loan and Multifamily Property Facts
Birmingham is part of the Alabama 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.
- Birmingham has a moderate vacancy of around 8.5% across all rental properties
- There has been a marginal rent increase, to $913 per month
- The homeownership rate is roughly 44%, which leaves around 56% of residents looking for rental properties.
Although 2020 was a difficult time in Birmingham, 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.
Birmingham Apartment Loan and Lending Options
In Birmingham, Alabama 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 Birmingham Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Birmingham, AL. 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 Birmingham 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 Birmingham Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.