Apartment Loans & Multifamily Financing
Apartment loans are mortgages for income-producing properties with five or more residential units. Select Commercial arranges both smaller apartment building loans (under $6 million) and large multifamily loans (over $6 million) nationwide, with rates starting as low as 5.50% (as of July 7th, 2026), up to 80% LTV, terms up to 30 years, and no upfront fees. As a commercial mortgage broker with 30+ years of experience, we help investors purchase, refinance, or cash out walk-up, garden-style, and mid-rise properties. You can get a free quote in 24 hours.
Select Commercial is a leading apartment lender offering apartment building loans nationwide. We provide solutions for borrowers looking to purchase, refinance, or renovate 5+ unit apartment buildings. We offer apartment building loans under $6 million for smaller properties. We also finance large multifamily loans over $6 million through agency, bank, and bridge programs. Whether you’re financing a walk-up, garden-style, or mid-rise property, our apartment loan programs are tailored to meet your needs. To compare interest rates across all loan types, visit our page.
Current Apartment & Multifamily Loan Rates
Rates updated July 7th, 2026. For the full schedule across every program, see today’s commercial mortgage rates.
Apartment Loan Rates Under $6 Million
FREE LOAN QUOTE| Loan Type | Rate* | Max LTV |
|---|---|---|
| Apartment Loan 5 Yr Fixed | 5.90% | Up to 80% |
| Apartment Loan 7 Yr Fixed | 5.86% | Up to 80% |
| Apartment Loan 10 Yr Fixed | 5.85% | Up to 80% |
Multifamily Loan Rates Over $6 Million
FREE LOAN QUOTE| Loan Type | Rate* | Max LTV |
|---|---|---|
| Multifamily Loan 5 Yr Fixed | 5.50% | Up to 75% |
| Multifamily Loan 7 Yr Fixed | 5.46% | Up to 75% |
| Multifamily Loan 10 Yr Fixed | 5.45% | Up to 75% |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization are determined by underwriting and property details.
Get My Free Rate QuoteMultifamily Loans Over $6 Million
Beyond smaller apartment buildings, Select Commercial arranges large-balance multifamily financing for 5+ unit properties with loan amounts over $6 million. We place these through Fannie Mae Multifamily, Freddie Mac Multifamily, banks, life companies, bridge lenders, and CMBS programs. See our full multifamily loan programs or request a quote above.
Browse Apartment Loans by State
Select a state below to view apartment loan programs, market insights, and financing options available in that region.
Why Investors Choose Us for Apartment Building Financing
Select Commercial is a nationwide commercial mortgage broker with over 30 years of experience arranging apartment loans and apartment building financing for properties starting at $1.5 million.
- Access to top apartment lenders: We work with Fannie Mae, Freddie Mac, national banks, credit unions, private capital providers, and insurance companies.
- Competitive apartment loan rates: We offer bank, agency, bridge, and other apartment loan programs tailored to your property and investment goals.
- Simplified process and fast closings: Our team handles underwriting, lender selection, and packaging to help streamline your financing.
- Nationwide coverage: Loans are available in all 50 states for 5+ unit apartment buildings, co-ops, and rental communities.
We oversee every part of the apartment building loan process, from screening and underwriting through closing, so you can stay focused on your property.
Request your free quote or use the button below to begin your apartment loan inquiry:
Get My Free Apartment Loan QuoteOur Apartment Loan Benefits
Apartment & multifamily loan rates start as low as 5.50% (as of July 7th, 2026)
• A commercial mortgage broker with over 30 years of lending experience
• No upfront application or processing fees
• Simplified application process
• Financing up to 80% LTV
• Terms and amortizations up to 30 years
• Long term fixed rates
• Loans for purchase and refinance, including cash-out
• 24 hour written pre-approvals with no cost and no obligation
Recent TRUSTPILOT Reviews
Select Commercial Funding Reviews from TRUSTPILOT
A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"
Apartment Building Loans Starting at $1.5 Million
At Select Commercial, we specialize in providing apartment loans for properties with loan sizes starting at $1,500,000. Whether you're purchasing, refinancing, or looking to cash out, our apartment building loan programs are tailored for professional investors and property owners with five or more residential units.
Our lending programs are ideal for:
- Apartment complexes with 5+ units in stable or growing markets
- Experienced landlords and real estate investors seeking competitive terms
- New acquisitions, refinances, or equity takeouts
- Apartment building financing for both stabilized and value-add properties
If you’re seeking expert guidance on an apartment building loan, we encourage you to get a free quote from one of our experienced apartment lenders.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency apartment loan options in addition to our network of private capital, banks, and credit unions.
- Fannie Mae® Small Loan Program: Designed for apartment buildings with 5 or more units. Loan sizes range from $1 million to $6 million.
- Freddie Mac® Small Balance Loan (SBL) Program: Streamlined underwriting for loans up to $6 million on stabilized multifamily properties.
- Loans Over $6 Million: For large-balance requests, explore our nationwide apartment building loan programs over $6 million.
These agency-backed options provide competitive fixed rates, non-recourse terms, and simplified documentation for qualified investors purchasing or refinancing apartment buildings.
Request a free quote or use the button below to see if your property qualifies:
Get My Free Apartment Loan QuoteApartment & Multifamily Loan FAQs
What are current apartment loan rates?
Multifamily loans over $6 million currently start as low as 5.50%, and smaller apartment loans under $6 million start around 5.90% (as of July 7th, 2026). Your rate depends on loan size, leverage, term length, property condition, and borrower strength. See today’s rates for every program.
What is the difference between an apartment loan and a multifamily loan?
They finance the same asset: buildings with five or more residential units. In practice, “apartment loan” usually refers to financing under $6 million and “multifamily loan” to larger balances over $6 million. Select Commercial arranges both.
What is apartment building financing?
Apartment building financing is a commercial mortgage used to purchase, refinance, or renovate a residential property with five or more units. Select Commercial arranges apartment building financing nationwide through agency, bank, and private programs, with loan amounts starting at $1.5 million and leverage up to 80% LTV.
How do I choose the right apartment lenders?
The best apartment lenders match the loan program to your property and business plan rather than pushing a single product. As a broker working with Fannie Mae, Freddie Mac, banks, credit unions, and private capital, Select Commercial compares multiple apartment lenders so you get competitive terms and the highest certainty of closing.
What are current multifamily loan rates for properties over $6 million?
Large-balance multifamily loan rates currently start as low as 5.50% for 5- to 10-year fixed terms (as of July 7th, 2026), with leverage up to 80% LTV through agency and bank programs.
How much can I borrow, and what LTV is available?
We finance loan amounts starting at $1,500,000 with no maximum, typically up to 80% loan-to-value for qualified borrowers and stabilized properties.
What do lenders require to qualify?
Lenders generally look for a debt-service-coverage ratio (DSCR) around 1.25 or better, solid borrower credit and experience, and post-closing liquidity. Most of the underwriting is based on the property’s cash flow rather than personal income.
How long does it take to close an apartment or multifamily loan?
Most apartment and multifamily loans close in 30 to 60 days. We issue written pre-approvals within 24 hours at no cost and no obligation.