Multifamily Loans in Savannah, Georgia

Known for its rich history and stunning architecture, Savannah, Georgia is also a hotspot for multifamily housing. This charming city is home to a diverse range of multifamily properties, from historic townhouses to modern apartment complexes. As a leading provider of financing services, we proudly offer multifamily loans in Savannah, catering to all types of properties. Whether you're looking to invest in a duplex, a large apartment building, or anything in between, our team is here to help you secure the financing you need.

Our services are not just limited to providing loans. We also offer expert advice and guidance to help you navigate the multifamily housing market in Savannah. With our deep understanding of the local market conditions and regulatory landscape, we can help you make informed decisions and maximize your investment returns.

Economy in Review

Savannah's economy is diverse and robust, with a strong presence in sectors such as manufacturing, logistics, and health care. According to the Bureau of Labor Statistics, the city has a higher concentration of jobs in these sectors compared to the national average. This economic diversity provides a stable base for the multifamily housing market, as it attracts a wide range of residents seeking employment opportunities.

Demographic data from the U.S. Census Bureau shows that Savannah has been experiencing steady population growth. This growth is driven in part by the city's higher education institutions and healthcare facilities, which attract students and professionals from across the country. The presence of universities such as Savannah State University and the Savannah College of Art and Design, as well as major healthcare providers like St. Joseph's/Candler and Memorial Health, contribute to a steady demand for multifamily housing in the city.

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 Savannah? 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 Savannah

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 Savannah

There are a wide range of multifamily financing options in Savannah. 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 Savannah 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 Savannah 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 Savannah? Put your details in the form below, and we’ll match you with the best lender for your investment strategy.