Apartment financing in the state of Kansas

Kansas: In the Spotlight

Kansas, often known as the Sunflower State, is home to roughly 2.9 million people. The state of Kansas is the 35th most populous state, and is also home to cities like Wichita, which is the most populated city in the state with more than 389,000 residents. Kansas City is another key location in the state, with more than 152,000 people calling the region home.

  • Smith County, Kansas is the geographical center point of the 48 contiguous states.
  • Spirit Aerosystems is the largest employer in Kansas, with over 15,000 employees.
  • Agriculture, Cattle, and Energy are the largest industries in the state.
  • The average household income is $59,597.
  • The average age in Kansas is 36 years old.
  • Kansas has 1.2 million employees across the state.
  • The home ownership rate is around 66%, which leaves around 34% of the residents looking for apartments and rental properties.

Kansas Apartment Loan and Multifamily Property Facts

Kansas 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.

  • Kansas is home to several cities that are prime markets for investors to acquire a rental property investment in for 2021.
  • Rents in Kansas are 0.82% higher than the previous year.
  • The average rent in Kansas is $850.

The market for commercial real estate in Kansas 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.

Kansas Apartment Loan and Lending Options

In the state of Kansas, there are several different ways that you can finance your new apartment investment, whether you’re looking for a massive multi-unit tower in Topeka or a simple eight-unit property in an up-and-coming neighborhood of Overland Park. We work with opportunities like:

Finance Your Kansas 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 Kansas. 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. Kansas 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. Kansas apartment building 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 financing in the state of Kansas!

Our apartment loan brokerage and lending strengths are available in markets throughout the state, with a particularly strong presence in Wichita, Overland Park, Kansas City, Topeka, and Olathe.

Apartment loans from $750,000 and up.