Multifamily Loans in Birmingham, Alabama

Known as the "Magic City," Birmingham, Alabama, is a vibrant hub for multifamily housing. This city, rich in history and culture, is also a hotspot for real estate investors seeking multifamily financing. Our company is proud to offer comprehensive financing services in Birmingham for all types of multifamily properties, from duplexes to large apartment complexes. Whether you're a seasoned investor or a first-time buyer, we're here to help you navigate the multifamily loan process in this dynamic city.

Birmingham's multifamily market is as diverse as its history. From the bustling downtown district to the serene suburbs, there's a property type and neighborhood to suit every investor's needs. Our multifamily loans in Birmingham, Alabama, are designed to support your investment goals, providing flexible terms and competitive rates. With our financing services, you can tap into the potential of Birmingham's multifamily housing market.

Economy in Review

Birmingham's economy is a robust mix of traditional and emerging sectors. According to the Bureau of Labor Statistics, the city's most common types of employment are in the healthcare, education, and manufacturing sectors. The presence of renowned institutions such as the University of Alabama at Birmingham and the UAB Health System contributes significantly to the city's economic stability. These institutions not only provide a steady stream of employment opportunities but also attract a diverse population to the city, fueling demand for multifamily housing.

Demographic shifts in Birmingham, as reported by the U.S. Census Bureau, also play a crucial role in the city's multifamily housing market. The city has seen a steady influx of young professionals and families, drawn by the city's economic opportunities and quality of life. This trend has led to an increased demand for multifamily housing, making Birmingham an attractive location for real estate investors. With our multifamily loans, you can capitalize on these demographic trends and contribute to Birmingham's vibrant housing market.

Our Experts

When it comes to getting a multifamily loan, the sheer number of choices can be daunting. What this really means, however, is that there are incredible opportunities for apartment complex investors regardless of location, property size, or experience level.

Multifamily Loans connects borrowers with lenders across the country who are prepared to offer you highly competitive terms. Whether you're buying, developing, or renovating an apartment building, shopping your loan to multiple lenders — not just the bank or credit union down the street — gives you a huge advantage.

Our experienced team of capital markets advisors will source the very best terms from our unparalleled network of lenders to ensure your property gets the best financing terms available. We offer this service completely free of charge.

Looking for more information about Birmingham? Read on below. Otherwise, click the button below, and we'll get right back to you with your free multifamily loan quote.

Today's Interest Rates in Birmingham

Find today's rates in the table below. Please note that these are benchmark index rates only — every loan product will have a rate that varies depending on the property, the location, the borrower's financial strength and experience, and several other factors.

Current Multifamily Loans in Birmingham

There are a wide range of multifamily financing options in Birmingham. Keep reading to learn which loan types could be the most suitable for your property.

1. Bank and Credit Union Loans

Loans from banks and credit unions are a diverse bunch. Every institution typically has different preferences when it comes to location, property size, and risk. While it's difficult to give detailed general information about what to expect from a local, regional, or national bank or credit union, loans often require some kind of recourse and (usually) a larger down payment compared to agency loans.

2. Fannie Mae Multifamily Loans

Fannie Mae Multifamily loans offers loans in Birmingham in various sizes. These financing options offer competitive floating and fixed rates for a variety of uses. See below for the latest rates and terms. Note that the Fannie Small loan is particularly competitive for amounts under $9 million.

3. Freddie Mac Multifamily Loans

Like Fannie Mae, Freddie Mac also offers a wide range of multifamily loans. The GSE's most popular loan for smaller investors, the Freddie Mac Small Balance Loan, is a great option for those seeking non-recourse financing for amounts of under $7.5 million, and there are many other Freddie loans that cover everything from student housing to mobile home parks.

4. HUD Multifamily Loans

While you might associate HUD with affordable and Section 8 housing projects, the U.S. Department of Housing and Urban Development backs several loans in Birmingham with incredibly strong terms — and they work wonders for market-rate properties.

Take the HUD 221(d)(4) loan, for example. This construction financing is hard to beat, thanks to fully amortizing terms of 40+ years, a low, fixed rate, and high leverage allowances.

HUD's 223(f) loan is equally impressive: a great acquisition or refinancing option that offers a fixed rate, full amortization, and leverage of up to 83.3% for market-rate (and higher for affordable) properties.

5. Bridge Loans

If you're after short-term financing for a multifamily property, a bridge loan could be a great option. These loans do come at a higher cost compared to many others, but the flexibility can make it more than worth it — particularly if your property is still stabilizing.

6. CMBS Loans

Commercial mortgage-backed security loans are asset focused. That means that getting approved for one comes down to the strength of the property, not the borrower. Multifamily CMBS loans often offer leverage up to 75% for eligible properties, and the loans also are non-recourse and (often) are tied to a fixed interest rate.

If you are interested in applying for a multifamily loan in Birmingham? Put your details in the form below, and we’ll match you with the best lender for your investment strategy.