Colorado Springs Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Colorado Springs, Colorado
Colorado Springs: In the Spotlight
Colorado Springs, Colorado is located just 71 miles from Colorado’s capital city of Denver and is part of the Colorado Springs, CO Metropolitan Statistical Area. The population of Colorado Springs is just over 464,000, making it the 2nd most populous city in the State. It also covers about 195 square miles. Colorado Springs is the site of the United States Olympic Training Center and is the first stop south of the United States Air Force Academy.
- The unemployment rate is relatively high for the area, around 5.8%.
- The median household income is $64,712.
- The median age in Colorado Springs is 34 years old
- Colorado Springs employs over 348,000 residents
Colorado Springs Apartment Loan and Multifamily Property Facts
Colorado Springs is part of the Colorado 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.
- Colorado Springs has a moderately low vacancy rate of around 3.2% across all rental properties
- There has been a marginal rent increase, to $1,251 per month from the last year.
- The homeownership rate is roughly 59%, which leaves around 41% of residents looking for rental properties.
Although 2020 was a difficult time in Colorado Springs, 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.
Colorado Springs Apartment Loan and Lending Options
In Colorado Springs, Colorado 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 Colorado Springs Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Colorado Springs, CO. 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 Colorado Springs 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 Colorado Springs Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.