Maryland Apartment Loan Rates
| MD Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.70% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.74% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.80% | Up to 80% | |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization will be determined by underwriting.
Want a personalized quote? Click here to request a customized loan quote for your Maryland apartment property.
Need a multifamily loan over $6 million? Visit our Maryland multifamily loan page. For other commercial property types, explore our Maryland commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Maryland Apartment Loan Market Overview
Entering 2026, Maryland offers a stable, institutionally influenced apartment market supported by federal employment, healthcare, and technology sectors. For borrowers evaluating apartment loans, the state benefits from proximity to Washington, D.C., strong household incomes, and consistent renter demand across both urban and suburban submarkets. This backdrop supports apartment building financing focused on predictable occupancy, durable cash flow, and long-term performance.
Development activity across Maryland has been measured relative to demand, with new supply concentrated in select submarkets near transit corridors and employment hubs. Vacancy has remained relatively stable as absorption keeps pace with deliveries. For apartment lenders, Maryland presents an underwriting environment centered on income stability, tenant quality, and location-driven demand rather than aggressive rent growth assumptions.
Baltimore Anchors Maryland Apartment Loans
Baltimore remains the primary driver of apartment activity within Maryland. In 2026, the metro is projected to add approximately 10,000 jobs, deliver roughly 3,500 units, maintain vacancy near 5.8%, and reach average effective rent around $1,650 per month. For borrowers seeking an apartment building loan, Baltimore offers scale, established submarkets, and steady renter demand supported by healthcare and port-related employment.
Silver Spring Reflects High-Income D.C. Suburban Demand
Silver Spring provides a high-income suburban apartment market influenced by proximity to Washington, D.C. The city has a population of approximately 85,000, median household income near $95,000, median rent around $2,100, and median home value near $520,000. These fundamentals support strong occupancy levels and stable rent performance for apartment assets.
Frederick Adds Growth and Commuter Demand
Frederick contributes a growing apartment market supported by commuter demand and regional employment expansion. The city has a population of approximately 80,000, median household income near $100,000, median rent around $1,900, and median home value near $480,000. This supports continued renter demand and long-term investment stability.
Rent Levels Reflect Income Strength and Location
Maryland exhibits a wide rent range driven by proximity to Washington, D.C. Baltimore is projected near $1,650 per month, while suburban markets such as Silver Spring and Frederick command higher rents due to income levels and commuter access. This allows borrowers to structure apartment loans across both core urban and high-income suburban investment strategies.
2026 Maryland Apartment Loan Market Forecast
- Employment: Baltimore is projected to add approximately 10,000 jobs.
- Construction: Baltimore is projected to deliver roughly 3,500 units.
- Vacancy: Vacancy is projected near 5.8%.
- Rent: Average effective rent is projected near $1,650 per month.
For investors comparing apartment loans in Maryland, 2026 reflects a market driven by income stability, government employment, and location-based demand. Baltimore provides scale and liquidity, while suburban markets offer higher-income renter profiles and long-term rent durability.
2026 Baltimore Maryland Apartment Loan Market Overview
Baltimore is Maryland's largest city and the core driver of apartment loans in Maryland, anchoring the state's most active rental investment market and serving as a major East Coast employment hub anchored by healthcare, education, the Port of Baltimore, and proximity to the Washington D.C. federal corridor. The city has a population of approximately 560,812 residents as of 2026, with the broader Baltimore metro extending across approximately 860,158 people in Baltimore County alone. The median household income is approximately $62,177 and the median property value is approximately $229,600 as of 2024. There are approximately 129,160 renter-occupied households in Baltimore City, representing approximately 52% of all occupied housing units. Current data points to an average apartment rent of approximately $1,650 per month as of March 23, 2026, up 1.14% year-over-year, with rent growth of approximately 3.3% in the first half of 2025 and new construction down approximately 70% from 2024. These fundamentals continue to support consistent demand for Maryland apartment loans across Baltimore's diverse urban and suburban submarket landscape.
Baltimore Maryland Apartment Loan Rates and Financing in 2026
Financing conditions for Maryland apartment loans remain active in Baltimore in 2026, with lenders supporting stabilized assets, transitional repositioning projects, and well-located workforce and mid-tier properties near major employment anchors. The median property value of approximately $229,600 as of 2024 is approximately 6% below the national median, creating a low per-unit acquisition cost environment relative to comparable East Coast markets, while the Maryland statewide median of approximately $398,100 underscores Baltimore City's value advantage even within the state. Baltimore's cost-of-living index is approximately 92.6 versus the national 100, and the average one-bedroom rent of approximately $1,782 is approximately 9% below the national average, supporting favorable initial yields on stabilized assets. For borrowers seeking an apartment building loan in Baltimore, the city's low acquisition cost basis, institutional employment anchors, and proximity to the D.C. corridor provide a practical underwriting foundation within the broader Maryland apartment building financing landscape.
Trends in the Baltimore Maryland Apartment Market
Baltimore's rental market benefits from one of the most concentrated institutional employment bases on the East Coast. Johns Hopkins University awarded approximately 12,790 degrees in 2023, making it one of the largest universities in the state, and Johns Hopkins Medicine is the city's largest private employer. The University of Maryland Baltimore, Loyola University Maryland, and Morgan State University further anchor education and healthcare employment. The Port of Baltimore supports logistics, maritime, and transportation employment across thousands of workers. Rent growth of approximately 3.3% in the first half of 2025 outpaced the national trend and Maryland's statewide rate of approximately 1.8%. Vacancy rates declined for the first time in years as new construction dropped approximately 70% from 2024, tightening the supply-demand balance in key neighborhoods. Renters in the 25 to 34 age group make up the largest share at 29%, and approximately 30% of Baltimore renters hold bachelor's degrees or higher. These fundamentals continue to attract Maryland apartment lenders evaluating the state's primary market.
Baltimore Maryland Apartment Loan Rent Levels in 2026
As of March 23, 2026, the average apartment rent in Baltimore is approximately $1,650 per month, up 1.14% from $1,632 the prior year, and the median rent across all property types is approximately $1,600 per month as of March 2026. By unit type: studios average approximately $1,322/month, one-bedrooms average approximately $1,554/month, two-bedrooms average approximately $1,749/month, and three-bedrooms average approximately $1,977/month. Approximately 43% of all Baltimore rentals are priced between $1,001 and $1,500 per month, reflecting a predominantly workforce-oriented mid-tier rental base. The Patterson Park neighborhood averages approximately $2,094/month for one-bedrooms, while the Canton and Federal Hill neighborhoods remain among the strongest demand nodes in the city. These rent levels support consistent underwriting for apartment loans in Maryland where low acquisition costs and institutional employment anchor stable occupancy and above-average initial yields relative to comparable East Coast markets.
Baltimore Maryland Apartment Loan Supply and Demand in 2026
Baltimore is experiencing a meaningful improvement in supply-demand conditions in 2026, with new construction down approximately 70% from 2024 and vacancy declining for the first time in several years. Approximately 31% of Baltimore's rental stock was built before 1939, the largest pre-war vintage share of any major Mid-Atlantic city, and approximately 57% was built before 1970, reflecting a housing stock where new supply additions are structurally limited by density, permitting, and financing constraints. Two-bedroom units and one-bedroom units each represent approximately 33% of rental inventory, reflecting a balanced mix of singles, couples, and small family households. Baltimore's strong proximity to Washington D.C. and a MARC rail commuter connection to the capital further supports suburban renter demand across the metro. For borrowers pursuing apartment building financing in Maryland, the declining construction pipeline and improving vacancy trajectory provide a more favorable supply-demand backdrop than in recent years.
Opportunities for Apartment Investment in Baltimore Maryland
Investors pursuing a Maryland apartment loan in Baltimore in 2026 are focused on long-term income stability in healthcare and university corridor neighborhoods, value-add acquisitions in the city's large pre-war and mid-century vintage rowhouse and apartment stock, and stabilized holds in established demand nodes such as Canton, Federal Hill, Fells Point, and Mount Vernon where renter demand remains strong across economic cycles. Baltimore's median property value of approximately $229,600 is among the lowest of any major East Coast city, providing a compelling entry point for investors seeking higher initial yields relative to peer markets. The city's approximately 29-minute average commute and direct rail access to both Washington D.C. and Philadelphia reinforce its position as a value destination for mobile East Coast workers. For Maryland apartment lenders evaluating the state's primary market, Baltimore offers institutional scale, a large and diverse renter base, a declining construction pipeline, and a low acquisition cost structure that supports strong long-term performance for apartment building loans throughout the metro.
2026 Silver Spring Maryland Apartment Loan Market Overview
Silver Spring is one of Maryland's largest and most dynamic urban communities, and the state's premier transit-oriented suburban market for apartment loans in Maryland, positioned directly on the Washington D.C. border with Red Line Metro access into the capital. The city has a population of approximately 84,593 residents as of 2026, growing at approximately 0.98% annually, with a median household income of approximately $99,860 and a median home value of approximately $620,800 as of 2023. Approximately 61.7% of all occupied housing units in Silver Spring are renter-occupied, one of the highest renter-occupied rates of any suburban community in Maryland, with approximately 21,097 renter-occupied households. Current data points to an average apartment rent of approximately $1,967 per month as of February 9, 2026, up approximately 0.22% year-over-year, and a median rent of approximately $2,075 per month, approximately 9% above the national average. Silver Spring's combination of D.C. proximity, Metro access, and a high-income, highly educated renter base continues to support consistent demand for Maryland apartment loans in the region's most competitive suburban corridor.
Silver Spring Maryland Apartment Loan Rates and Financing in 2026
Financing conditions for Maryland apartment loans remain favorable in Silver Spring in 2026, with lenders supporting stabilized transit-oriented assets, newer Class A developments, and mid-tier workforce properties within the established downtown Silver Spring corridor and surrounding residential neighborhoods. The median home value of approximately $620,800 as of 2023 creates significant homeownership barriers that channel a structurally large share of the workforce into the rental market, anchoring the city's exceptional 61.7% renter-occupied rate. Silver Spring's cost of living index is approximately 107.1 versus the national 100, reflecting the premium Washington metro location and supporting above-average rent levels. For borrowers seeking an apartment building loan in Silver Spring, the market's exceptional Metro access, high-income renter demographic, and proximity to federal government employment in D.C. provide a premium underwriting profile within the broader Maryland apartment building financing landscape.
Trends in the Silver Spring Maryland Apartment Market
Silver Spring's rental market benefits from one of the most powerful demand drivers in the region: direct Red Line Metro access into Washington D.C., where federal government employment, healthcare, and professional services generate consistent high-income commuter renter demand. Approximately 33.3% of Silver Spring residents were born outside the United States, the highest international population share among Maryland's major communities, reflecting the city's status as a major gateway destination for D.C.-area newcomers. The median age is approximately 35.6 years, and adults between 25 and 44 make up approximately 35.5% of the population, reflecting a predominantly young professional renter demographic. Approximately 59% of Silver Spring renters hold bachelor's degrees or higher, among the most educated renter bases in Maryland, and households in the 25 to 44 age group earn a median income of approximately $103,035. Renters in the 25 to 34 age group make up the largest renter cohort at 33%. These fundamentals continue to attract Maryland apartment lenders evaluating the state's premier D.C.-adjacent market.
Silver Spring Maryland Apartment Loan Rent Levels in 2026
As of February 9, 2026, the average apartment rent in Silver Spring is approximately $1,967 per month, up 0.22% year-over-year, and the median rent across all property types is approximately $2,075 per month, up approximately 5% year-over-year. By unit type: studios average approximately $1,523/month, one-bedrooms average approximately $1,786/month, two-bedrooms average approximately $2,094/month, and three-bedrooms average approximately $2,429/month. Approximately 53% of all Silver Spring rentals are priced between $1,501 and $2,000 per month. The Woodside Park neighborhood commands the highest rents at approximately $2,382/month for one-bedrooms, and the Sligo Park Hills submarket averages approximately $2,200/month. Silver Spring rents are approximately 8.6% below the broader Washington metro median of approximately $2,122, making it a relative value play within the region. These rent levels support consistent underwriting for apartment loans in Maryland where federal employment proximity and transit access anchor premium pricing.
Silver Spring Maryland Apartment Loan Supply and Demand in 2026
Silver Spring operates with a tight supply-demand profile driven by its constrained geography, Metro-anchored land values, and extremely high renter-occupied rate of approximately 61.7%. The overall vacancy rate is approximately 5% of occupied housing units, reflecting consistent absorption across the market. Approximately 28% of Silver Spring's rental stock was built between 1960 and 1969, the largest single vintage cohort, and approximately 24% of units are newer stock built between 2010 and 2019, reflecting the city's active redevelopment cycle around the downtown Metro core. One-bedroom units make up the largest share of rental inventory at approximately 42% of all units, consistent with the city's single-professional and young couple renter demographic. For borrowers pursuing apartment building financing in Maryland, Silver Spring's Metro-driven demand, high renter-occupied rate, and consistent proximity premium to D.C. support a stable and premium underwriting environment.
Opportunities for Apartment Investment in Silver Spring Maryland
Investors pursuing a Maryland apartment loan in Silver Spring in 2026 are focused on stable, high-income renter bases near the downtown Metro core, long-term appreciation in one of the Washington metro area's most transit-accessible suburban corridors, and value-add acquisitions in the city's large 1960s through 1980s vintage rental stock where proximity to the Red Line supports premium positioning after repositioning. Silver Spring's median household income of approximately $99,860 is among the highest of any Maryland urban community and provides a strong foundation for above-average rent levels and low credit risk on the renter base. The Washington metro area's median rent of approximately $2,122 with Silver Spring at approximately 8.6% below that figure positions the market as a compelling relative value for D.C. commuters. For Maryland apartment lenders evaluating D.C.-adjacent suburban opportunities, Silver Spring offers exceptional transit access, a highly educated high-income renter base, and consistent long-term demand that supports strong performance for apartment building loans throughout the metro.
2026 Frederick Maryland Apartment Loan Market Overview
Frederick is Maryland's fastest-growing major city and an increasingly active market for apartment loans in Maryland, positioned along the I-270 corridor approximately 45 miles from both Washington D.C. and Baltimore and benefiting from strong in-migration of commuter households priced out of closer-in suburbs. The city has a population of approximately 95,108 residents as of 2026, growing at approximately 3.02% annually, one of the fastest growth rates of any Maryland city, with population up approximately 21.32% since the 2020 census. The broader Frederick County is projected to reach approximately 303,318 residents in 2026, up approximately 14.2% since 2019. The median household income is approximately $97,069 and the median home value is approximately $397,723. There are approximately 13,032 renter-occupied households in Frederick, representing approximately 42% of all occupied housing units. Current data points to an average apartment rent of approximately $1,915 per month as of March 23, 2026, up 1.37% year-over-year. Frederick's exceptional population growth, high household income, and I-270 commuter corridor position continue to drive demand for Maryland apartment loans across the metro.
Frederick Maryland Apartment Loan Rates and Financing in 2026
Financing conditions for Maryland apartment loans remain favorable in Frederick in 2026, with lenders supporting stabilized suburban assets, newer garden-style and mid-rise communities near major employment corridors, and value-add acquisitions in the city's well-established 1980s through 1990s vintage rental stock. The median home value of approximately $397,723 and the county median household income of approximately $114,089 as of 2023 create a market where homeownership costs are significant but incomes support above-average rent levels. Frederick County's median household income has historically ranked among the highest in the United States, and the city's cost of living is approximately 31% above the national average, reflecting its premium Washington metro positioning. For borrowers seeking an apartment building loan in Frederick, the city's rapid population growth, high-income commuter base, and location at the nexus of the I-70 and I-270 corridors provide a strong long-term underwriting foundation within the broader Maryland apartment building financing landscape.
Trends in the Frederick Maryland Apartment Market
Frederick's rental market benefits from powerful structural growth drivers: consistent in-migration of federal government employees, defense contractors, and technology workers priced out of Montgomery County and the closer D.C. suburbs; a rapidly growing biotech and life sciences employment base at the nearby Fort Detrick campus and surrounding research corridor; and Frederick Health Hospital and Frederick Regional Health System anchoring local healthcare employment. The city's population grew approximately 17.6% from 2019 to 2024, among the strongest five-year growth rates of any Maryland municipality. The median age is approximately 37.1 years, reflecting a young family and professional household demographic, and approximately 31% of rental households include children under 18, supporting longer average tenancies and lower turnover. Renters in the 25 to 34 and 35 to 44 age groups make up the largest renter cohorts at 22% and 20% respectively. These fundamentals continue to attract Maryland apartment lenders evaluating the state's fastest-growing suburban market.
Frederick Maryland Apartment Loan Rent Levels in 2026
As of March 23, 2026, the average apartment rent in Frederick is approximately $1,915 per month, up 1.37% from $1,889 the prior year. By unit type: studios average approximately $1,236/month, one-bedrooms average approximately $1,739/month, two-bedrooms average approximately $1,967/month, and three-bedrooms average approximately $2,317/month. Approximately 57% of all Frederick rentals are priced between $1,501 and $2,000 per month, reflecting a predominantly mid-tier and workforce professional rental base. The Village Center at Wormans Mill commands the highest rents at approximately $2,256/month for one-bedrooms, while the Downtown Frederick neighborhood offers relative value at approximately $1,396/month. Frederick rents are currently the most expensive among smaller Maryland cities and rank as the highest in the Washington metro outside core D.C. suburbs. These rent levels support consistent underwriting for apartment loans in Maryland where commuter demand and high-income household growth anchor premium suburban pricing.
Frederick Maryland Apartment Loan Supply and Demand in 2026
Frederick is experiencing a sustained period of supply-demand tightness driven by exceptional population growth that has consistently outpaced new housing deliveries. The city's population grew approximately 21.32% since the 2020 census, while rental inventory growth has been materially slower, supporting consistent occupancy across all asset classes. Approximately 40% of Frederick's rental stock was built between 1980 and 1999, with the 1990s vintage representing the largest cohort at approximately 21% of all units, and newer construction built between 2010 and 2019 representing approximately 13% of inventory. Two-bedroom units make up the largest share of rental inventory at approximately 43% of all units, consistent with the market's family and dual-income professional household orientation. For borrowers pursuing apartment building financing in Maryland, Frederick's exceptional population growth rate, family-oriented renter base, and structurally undersupplied housing market support a favorable long-term demand outlook across asset classes.
Opportunities for Apartment Investment in Frederick Maryland
Investors pursuing a Maryland apartment loan in Frederick in 2026 are focused on long-term appreciation and stable cash flow in one of the Washington metro area's fastest-growing suburban corridors, value-add acquisitions in the city's 1980s through 1990s vintage rental stock, and stabilized holds where population growth of approximately 3% annually provides durable demand visibility well beyond the near term. Frederick's position as the least expensive major commuter city on the I-270 corridor gives it a structural demand advantage as households seek value relative to Rockville, Gaithersburg, and Germantown. The city's median household income of approximately $97,069 and the county's approximately $114,089 support rent growth as new households arrive and existing renters advance in income. For Maryland apartment lenders evaluating the state's highest-growth suburban market, Frederick offers exceptional population momentum, a high-income commuter renter base, and a structurally constrained housing supply that supports strong long-term performance for apartment building loans throughout the corridor.
Why Choose Select Commercial for Apartment Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons apartment building investors choose to work with us for Maryland apartment loans between $1.5 million and $6 million. We also actively finance multifamily loans exceeding $6 million.
Here’s what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of apartment lenders, not just one bank
- Loan structures tailored to your property and investment goals
Apartment Property Types We Finance in Maryland
At Select Commercial, we arrange financing for a wide range of Maryland apartment buildings, from smaller 5+ unit walkups to large portfolios of rental properties. Whether your property is urban, suburban, or mixed-use, we can help you secure the right loan structure based on your investment goals.
- Urban mid-rise and high-rise apartment buildings
- Suburban garden-style apartment complexes
- Small apartment buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op apartment building loans
- Portfolios of small apartment or single-family rental properties
- Stabilized buildings with strong cash flow and rent history
If you're not sure whether your property qualifies, contact us for a free quote and we'll review your deal and let you know within 24 hours.
Recent Apartment Loan Closings
Why Maryland Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Maryland apartment loan market. We're not just brokers, we provide personalized service, fast answers, and access to top institutional lenders without the bureaucracy of traditional banks.
- Over 30 years of apartment loan experience with a national platform
- No upfront fees and fast pre-approvals, often within 24 hours
- Direct access to top lenders offering aggressive terms
- Dedicated support from quote to closing
Want to see why so many clients return to us for their next deal? Start with a free quote – we'll review your scenario and respond quickly.
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of multifamily financing. His insights and perspectives are regularly sought by leading industry publications. Here are his latest contributions that highlight his deep understanding of the multifamily financing landscape and his commitment to providing clear, insightful analysis on key industry issues.
Navigating Opportunity, Risk as 2025 Winds Down
In an article for Commercial Property Executive titled "Navigating Opportunity, Risk as 2025 Winds Down", Sobin explains as we head into the final stretch of 2025, the commercial real estate industry stands at a pivotal moment. After several years of upheaval—from pandemic disruptions to aggressive Federal Reserve rate hikes and lasting shifts in how people live and work—the sector is entering a new phase.
Why Lower Rates Haven't Fixed Commercial Real Estate
In an article for Wealth Management titled "Why Lower Rates Haven't Fixed Commercial Real Estate", Sobin explains that even as the Federal Reserve has begun cutting rates and borrowing costs should be falling, the commercial real estate sector remains locked in a frustrating stalemate. For high-net-worth investors trying to time the market, he emphasizes that understanding this disconnect requires looking beyond the headlines.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Apartment
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that while inflation is still a challenge for the Federal Reserve, there are many positive signs for the commercial real estate industry. The headline Consumer Price Index rose 3.2 percent for the year ended Feb. 29, a figure 20 basis points lower than the Dec. 31, 2023, rate. read the full article.
Commercial Spotlight: Mid-Atlantic Region In this four-state powerhouse, smaller metros are thriving.
In a feature in Scotsman Guide, the Mid-Atlantic Region's real estate dynamics are explored, highlighting its resilience and growth amidst the pandemic.
Stephen Sobin of Select Commercial Funding LLC shared insights on the New York market's allure and the challenges buyers face. He noted the shift from primary urban areas to tertiary markets due to evolving preferences and financial conditions. For a deeper dive into Sobin's analysis, read the full article.
What the New Jobs Report Means for CRE
In an article titled "What the New Jobs Report Means for CRE" in Commercial Property Executive, Stephen Sobin shared his perspective on the latest jobs report and its implications for the Commercial Real Estate (CRE) sector. He highlighted the challenges posed by high interest rates and the prevailing uncertainty in the market. Sobin remarked, "Sellers aren’t selling, buyers aren’t buying... Everyone is waiting because no one knows what to expect." For a detailed analysis and more of Sobin's insights, read the full article.
Decoding "Junk Fees" in Rental Housing
In another latest contribution to Multi-Housing News, Sobin provided expert commentary in an article titled "What's Next for Junk Fees? The Industry Weighs In". He clarified the difference between legitimate fees collected for various third-party services and so-called "junk fees". Sobin emphasized the importance of borrowers understanding their rights in negotiating all loan terms and the obligation of lenders to disclose all fees.
Understanding the Impact of Federal Reserve's Decisions
In a recent article titled "How the Fed's Pause on Interest Rates Impacts Multifamily" published by Multi-Housing News, Sobin shared his expert insights on the Federal Reserve's decision to pause interest rate hikes. He accurately predicted that the Fed would not raise rates in June, citing recent bank failures and lingering concerns about a potential recession.
Stay tuned for more expert insights from Stephen A. Sobin on the evolving multifamily financing landscape.
Frequently Asked Questions About Maryland Apartment Loans
Maryland apartment loan rates vary depending on several factors such as loan-to-value ratio (LTV), property type, borrower experience, and market conditions. As of 2025, rates remain elevated due to ongoing inflation concerns, but borrowers with strong credit and high-quality assets can still find competitive pricing. Check our latest apartment loan rates for current updates.
Most lenders require a DSCR of at least 1.25, good borrower credit, net worth, liquidity, and experience. Loan-to-value ratios in 2025 typically range from 65% to 80%, due to elevated interest rates. Properties with strong occupancy and clean financials stand a better chance of qualifying.
Most lenders require 20% to 25% down for apartment loans in Maryland. Your loan-to-value ratio will be subject to the property's debt service coverage ratio.
A qualified broker like Select Commercial can present your loan to many different capital sources, including banks, credit unions, CMBS, agency lenders, and private funds. This increases the odds of approval and helps you secure the most favorable terms available.
The process starts with gathering financials like a rent roll, trailing 12-month income and expense statement, borrower resume, and net worth statement. A mortgage broker will analyze your documents and match you with the best lending program. Start with a Free Quote today.
Absolutely. While this page focuses on apartment loans under $6 million, Select Commercial also arranges smaller balance loans for qualified borrowers. Visit our multifamily loan page for options over $6 million.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency small balance loan programs in addition to bank and private capital options. Featured programs include:
- Fannie Mae® Small Loan Program – For apartment properties with 5+ units and loan sizes from $1 million to $6 million
- Freddie Mac® Small Balance Loan (SBL) Program – Streamlined financing solutions up to $6 million
- Loans Over $6 Million – Explore large-balance apartment loan programs in Maryland
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Maryland Apartment Building Financing
Select Commercial provides apartment building financing and Maryland commercial mortgages throughout the state of Maryland including but not limited to the areas below.