Savannah Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Savannah, Georgia
Savannah: In the Spotlight
Savannah, Georgia, is located 248 miles from the Capital city of Atlanta and is part of the Savannah, GA Metropolitan Statistical Area. The population of Savannah is just over 144,000, making it the 5th most populous city in the State. It also covers about 108 square miles. Savannah was spared being burnt to the ground during the United States Civil War like the capital city of Atlanta had been due only to Union General Sherman, who admired its beauty so much that he decided to “gift” the area to then President Abraham Lincoln.
- The unemployment rate is moderate, around 3.9%.
- The median household income is $43,307.
- The median age in Savannah is 32 years old
- Savannah employs over 66,000 residents
- Savannah has a relatively high vacancy rate of around 9.5% across all rental properties
- There has been a marginal rent increase, to $1,097 per month from the last year.
- The homeownership rate is roughly 43%, which leaves around 57% of residents looking for rental properties.
- 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!
Savannah Apartment Loan and Multifamily Property Facts
Savannah is part of the Georgia 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.
Although 2020 was a difficult time in Savannah, 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.
Savannah Apartment Loan and Lending Options
In Savannah, Georgia there are several different ways that you can finance your new apartment investment. We work with opportunities like:
Finance Your Savannah Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Savannah, GA. 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 Savannah 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 Savannah Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.