Virginia Beach Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Virginia Beach, Virginia
Virginia Beach: In the Spotlight
Virginia Beach, Virginia is located 107 miles from Virginia’s capital city of Richmond and is part of the Virginia Beach–Norfolk–Newport News, VA–NC, Metropolitan Statistical Area. The population of Virginia Beach is just over 450,000, making it the most populous city in the State. It also covers around 497 square miles of land. Virginia Beach holds the Guinness World Record for the “longest pleasure beach in the world” and is actually closer to cities in North Carolina than any neighboring cities in Virginia.
- The unemployment rate is low, around 3.9%.
- The median household income is $76,610.
- The median age in Virginia Beach is 36 years old
- Virginia Beach employs over 215,000 residents
Virginia Beach Apartment Loan and Multifamily Property Facts
Virginia Beach is part of the Virginia 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.
- Virginia Beach has a moderate vacancy of around 7.3% across all rental properties
- There has been a marginal rent increase, to $1,178 per month
- The homeownership rate is roughly 63%, which leaves around 37% of residents looking for rental properties.
Although 2020 was a difficult time in Virginia Beach, 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.
Virginia Beach Apartment Loan and Lending Options
In Virginia Beach, Virginia 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 Virginia Beach Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Virginia Beach, VA. 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 Virginia Beach 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 Virginia Beach Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.