Denver: One of the Country’s Hottest Multifamily Real Estate Markets

Many Western US markets are extremely strong for multifamily real estate. Denver, for example, has been very popular among real estate investors for years ― a major reason it annually ranks among the top cities in the U.S. for housing growth.

Denver is a draw for people looking for big city life as well as those seeking opportunities to explore the outdoors. Its reputation as a health-conscious city is appealing to young professionals and families ― especially people more apt to be renters instead of homeowners.

Denver’s multifamily real estate market is strong and there’s no end in sight. With the city’s housing inventory at record lows, would-be homebuyers are opting for multifamily apartments that offer lower monthly payments versus a mortgage. Occupancy rates on multifamily in Denver are more than 94%.

Denver is a destination for tech workers fleeing the pricier coastal markets.  The Colorado “Front Range” appeals to young professionals and families alike. While rising home prices have prevented many residents from buying a home, they give real estate investors an opportunity to buy multifamily units to rent out – a good way to secure a steady stream of income for the long haul.

Preferred Capital Funding has some of the strongest multifamily lending packages in the industry, with rates starting at 2.5%, 35-year fixed terms and Loan to Value up to 90%. Some programs require no tax returns of 4506C. If you’re looking at investing in or refinancing a multifamily property in Denver, or anywhere in the US, we’ve got a program for you. Contact us to learn more.