Mobile Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Mobile, Alabama
Mobile: In the Spotlight
Mobile, Alabama is located 168 miles from the state capital city of Montgomery and is part of the Mobile Metropolitan Statistical Area. The population of Mobile is just over 186,000, making it the 4th most populous city in the state. It also covers around 180 square miles of land. Mobile was settled a full 117 years before Alabama ever became a state, and was the site of the first ever Mardi Gras celebration in the western hemisphere before it was celebrated in New Orleans.
- The unemployment rate is low and steadily dropping, currently around 4.1%.
- The median household income is $42,321.
- The median age in Mobile is 37 years old
- Mobile employs over 82,000 residents
Mobile Apartment Loan and Multifamily Property Facts
Mobile 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.
- Mobile has a rising vacancy of around 7.3% across all rental properties
- There has been a marginal rent increase, to $843 per month
- The homeownership rate is roughly 53%, which leaves around 47% of residents looking for rental properties.
Although 2020 was a difficult time in Mobile, 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.
Mobile Apartment Loan and Lending Options
In Mobile, 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 Mobile Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Mobile, 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 Mobile 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 Mobile Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.