Dover Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Dover, Delaware
Dover: In the Spotlight
Dover, Delaware is located 52 miles from the state’s largest city of Wilmington and is part of the Dover, DE, Metropolitan Statistical Area (MSA). The population of Dover is just over 37,000, making it the 2nd most populous city in the State. It also covers 23 square miles of land. Known sometimes as the “capital of the first state”, the area is home to the Dover International Speedway of NASCAR fame and the annual Amish Country Bike Tour.
- The unemployment rate is around 7.7%.
- The median household income is $47,669.
- The median age in Dover is 36 years old
- Dover employs over 16,000 residents
Dover Apartment Loan and Multifamily Property Facts
Dover is part of the Delaware 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.
- Dover has a low vacancy of roughly 4.4% across all rental properties
- There has been a marginal rent increase, to $1,125 per month
- The homeownership rate is roughly 48%, which leaves around 52% of residents looking for rental properties.
Although 2020 was a difficult time in Dover, 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.
Dover Apartment Loan and Lending Options
In Dover, Delaware 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 Dover Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Dover, MN. 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 Dover 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 Dover Apartment Lending Specialists today at desk@janover.co or by calling (561) 556-9997.