Boston Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Boston, Massachusetts
Boston: In the Spotlight
Boston, Massachusetts, is located 47 miles from the state’s second largest city of Worcester and is part of the Boston–Cambridge–Newton, MA–NH Metropolitan Statistical Area. The population of Boston is just over 695,000, making it the most populous city in the state. It also covers around 89 square miles of land. Boston is the historic city of the infamous “tea party” that launched the nation’s campaign for independence, and is home to the country's first subway, public park, and public beach.
- The unemployment rate is currently around 5.9%.
- The median household income is $71,115.
- The median age in Boston is 32 years old
- Boston employs over 406,000 residents
Boston Apartment Loan and Multifamily Property Facts
Boston is part of the Massachusetts 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.
- Boston has a relatively low vacancy of around 2.8% across all rental properties
- There has been a marginal rent decrease, to $1,579 per month
- The homeownership rate is roughly 35%, which leaves around 65% of residents looking for rental properties.
Although 2020 was a difficult time in Boston, 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.
Boston Apartment Loan and Lending Options
In Boston, Massachusetts 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 Boston Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Boston, MA. 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 Boston 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 Boston Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.