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Investor Insight for the Atlanta Multifamily Apartment Market

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Apartment Loans AtlantaAtlanta has many benefits for its residents and for investors. Whether housing is sought in downtown areas or in suburban areas, Atlanta offers something for everyone. Direct Apartment Lenders provides some insight about the Atlanta multifamily apartment market.

Living in Atlanta

Folks love to call Atlanta home. Students, working adults and professionals rave about the quality of life that Atlanta offers.

With abundant job opportunities and many affordable neighborhoods, Atlanta is a desirable place to live.

Residents and visitors can plan a trip to local parks, museums, restaurants and sporting events.

Atlanta is home to the busiest airport in the United States, which makes it easier for residents to travel. The Hartsfield-Jackson Atlanta International Airport was also the busiest airport in the world for the past 22 years. However, it was surpassed by China, due to fewer travelers as a result of the Covid-19 pandemic.

16 companies among the Fortune 500 are located in Atlanta, such as Home Depot, Coca Cola, United Parcel Service, Delta Airlines, PulteGroup, The Southern Company and NCR Corporation.

Atlanta has competitive sports teams that residents enjoy watching.

Sports fans can cheer for the MLB Atlanta Braves, the NBA Atlanta Hawks, the WNBA Atlanta Dream, the MLS Atlanta United and the NFL Atlanta Falcons. 

Plenty of entertainment is available in Atlanta, such as Six Flags Over Georgia, Zoo Atlanta and Wild Adventures Theme Park.  

Apartment Rental Rates in Atlanta, Georgia

$1,559 is the average monthly rental rate for apartments in Atlanta, GA, according to RentCafe.

As of May 2021, rental rates in Atlanta are reflecting a year-over-year increase of six percent.

119,205 households in Atlanta are renter occupied, which amounts to 57 percent of the occupied housing units.

The most affordable neighborhoods in Atlanta rent for an average of $964 per month.

Atlanta’s most expensive neighborhoods rent for an average rate of $2,072 per month.

Statistical Data for Atlanta

Atlanta had an estimated population of 506,811 residents on July 1, 2019, according to the United States Census Bureau. 

The above reflects an increase of 18.7 percent above the estimated population of 427,059 on April 1, 2010. 

In 2019, Atlanta’s median household income was $59,948.

Data for Multifamily Properties With 5+ Units in Atlanta, GA

According to Yardi, Atlanta’s multifamily sales in the first quarter of 2021 reached $1.3 billion.

The average price per unit equaled $148,525.  

Atlanta had a multifamily vacancy rate of six percent as of the first quarter of 2021.

Cap rates in Atlanta were averaging 5.1 percent prior to the first quarter of 2021.

Outlook for the Atlanta Apartment Market

The Atlanta apartment market is set to thrive in 2021. 

While the Covid-19 pandemic created sluggish conditions for the first half of 2020, the economy and multifamily units have shown a resurgence in 2021.

As the population increases and employment opportunities improve, the demand for multifamily apartments is expected to continue. 

As of the first quarter of 2021, 15,000 units are being constructed in Atlanta, Georgia.

With lower operating costs than other major cities in the U.S., Atlanta has attracted interest from companies, such as Microsoft, Google, and Norfolk Southern to open local offices. 

Financing for an Apartment in Atlanta, GA

Attractive financing is available for income-producing assets with strong financial performances. 

Direct Apartment Lenders offers favorable lending terms in Atlanta, GA, and throughout the nation.

Investors can secure fast funding for multifamily apartments in Atlanta that meet our requirements, without enduring many of the nuances that are experienced when applying for a commercial loan via a traditional bank. 

We eliminate the hassles for items, such as personal bank statements, business bank statements, personal tax returns and business tax returns.

Our approach is to rely upon the financial strength of income-producing properties, which saves a lot of time and helps investors reach the funding table much quicker.

Applying for a Commercial Mortgage Loan in the Atlanta Apartment Market

Buying an apartment building in Atlanta with a commercial mortgage loan enables an investor to utilize the power of leverage.

Apartment owners with a sufficient amount of equity may also benefit from a refinance transaction that procures low-rate funding for various cash-based projects.

Getting a mortgage loan from an experienced lending team could reduce the amount of time that it typically takes to obtain funding.

Speaking with an apartment lending expert is a great way to find out about programs that we offer, such as stated income loans for self-employed investors, short-term commercial mortgage loans and fixed-rate mortgage loan programs.

Investors may also Get a Quote for loan terms that we offer on commercial properties, such as a duplex, triplex, quad-plex, five-unit apartment building or for an entire apartment complex.

We have funds to lend within a few weeks instead of the typical 60-to-90 day time frame that could cause an investor to miss out on a profitable deal.

Contact Direct Apartment Lenders today to discuss financing for an apartment building.

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