Buffalo Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Buffalo, New York
Buffalo: In the Spotlight
Buffalo, New York is located 288 miles from the state capital of Albany and is part of the Buffalo–Niagara Falls Metropolitan Statistical Area. The population of Buffalo is just over 255,000, making it the 2nd most populous city in the State. It also covers about 52 land miles. Buffalo was the first city in the country with electrically lit streets and is one of only three cities in the U.S. with a radial street pattern.
- The unemployment rate is relatively low, around 7.5%.
- The median household income is $37,354.
- The median age in Buffalo is 33 years old
- Buffalo employs over 100,000 residents
Buffalo Apartment Loan and Multifamily Property Facts
Buffalo is part of the New York 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.
- Buffalo has a moderate vacancy rate of less than 3.8% across all rental properties
- There has been a marginal rent increase, to $828 per month
- The homeownership rate is roughly 40%, which leaves around 60% of residents looking for rental properties.
Although 2020 was a difficult time in Buffalo, 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.
Buffalo Apartment Loan and Lending Options
In Buffalo, New York 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 Buffalo Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Buffalo, NY. 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 Buffalo 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 Buffalo Apartment Lending Specialists today at desk@janover.co or by calling (561) 556-9997.