Worcester Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Worcester, Massachusetts
Worcester: In the Spotlight
Worcester, Massachusetts, is located 47 miles from the state’s capital city of Boston and is part of the Worcester, MA-CT Metropolitan Statistical Area. The population of Worcester is just over 185,000, making it the most populous city in the state. It also covers around 38 square miles of land. Worcester sports over 1,200 acres of public-owned property, and is the town where the very first valentines day cards were created.
- The unemployment rate is currently around 6.7%.
- The median household income is $48,139.
- The median age in Worcester is 34 years old
- Worcester employs over 87,000 residents
Worcester Apartment Loan and Multifamily Property Facts
Worcester is part of the Massachusetts market, which has seen some growth after recovering from 2020. Although unemployment is still volatile and people are still uncertain, the multifamily market is starting to pick up steam. Vacancy rates and new deals are helping spur the market.
- Worcester has a relatively low vacancy of around 2.8% across all rental properties
- There has been a marginal rent increase, to $1,086 per month
- The homeownership rate is roughly 41%, which leaves around 59% of residents looking for rental properties.
Although 2020 was a difficult time in Worcester, 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.
Worcester Apartment Loan and Lending Options
In Worcester, Massachusetts 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 Worcester Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Worcester, MA. 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 Worcester 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 Worcester Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.