Colorado: In the Spotlight
Colorado, often known as the Centennial State, is home to over 5.2 million people. The state of Colorado is the 22nd most populous state and is also home to cities like Denver, which is the largest city in the state with more than 705,000 residents in the city. Boulder is another key location in the state, with more than 106,000 people calling the region home.
- Over ⅓ of the land in Colorado is owned by the United States Government
- The University of Colorado-Boulder is the largest employer in Colorado, with over 13,300 employees.
- Agriculture, Mining, and Manufacturing make up the three largest industries in the state.
- The average household income is $72,331.
- The average age in Colorado is 36 years old.
- Colorado has 2.4 million employees across the state.
- The homeownership rate is just under 65%, which leaves 35% of the residents looking for apartments and rental properties.
Colorado Apartment Loan and Multifamily Property Facts
Colorado is seeing significant growth in many cities and regions when it comes to new residents seeking multifamily living. Condos and apartment buildings are growing in popularity once again, and with the development going on in some cities, opportunities will be plentiful for the foreseeable future. The 2020 market, like many, was a little slow, but it still made some big impacts.
- Colorado is home to several cities that are prime markets for investors to acquire a rental property investment in for 2021.
- Rents in Colorado are 4.34% higher than the previous year.
- The average rent in Colorado is $1,271.
The market for commercial real estate in Colorado is huge and growing by the day, thanks to an ever-expanding job market and a growing base of young families who prefer to rent rather than buy a home. Those who get in now will have a better chance of finding the best deals and not overpaying or missing out on the biggest profit potential. The state is expected to see above-average population growth through 2024, contributing to an ever-increasing demand for apartments, condos, and other rental units.
Colorado Apartment Loan and Lending Options
In the state of Colorado, there are several different ways that you can finance your new apartment investment, whether you’re looking for a massive multi-unit tower in Denver or a simple eight-unit property in an up-and-coming neighborhood of Aurora. We work with opportunities like:
- Conventional apartment loans
- Fannie Mae apartment financing
- Freddie Mac apartment financing
- FHA/HUD financing
- Mezzanine financing
- CMBS Loans
- Apartment construction loans
- And more!
Finance Your Colorado Apartment Building Now
Apartment.loans has an expert team specializing in apartment building loan products and options available for borrowers and investors of apartment properties throughout Colorado. Whether you are looking to finance a small apartment building, a complex with hundreds of units, or a cooperative, our team endeavors to meet all of your apartment mortgage loan needs. Colorado is a state that has been a decently strong market for apartment property loans and we are no strangers to arranging high-quality loans in the state for investors. We have a plethora of many available loan products to help qualified borrowers purchase or refinance an apartment property.
Apartment.loans offers apartment loans with terms and amortizations of up to 30 years, with recourse and non-recourse options, and flexibility when it comes to prepayment. Colorado apartment loans typically close within 45 days of application. With the apartment.loans streamlined application process (with no-cost and no-obligations), gain unbiased access to the best possible apartment property financing in the state of Colorado!
Apartment loans from $750,000 and up.