Vermont Apartment Loan Rates
| VT Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.73% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.73% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.79% | 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 Vermont apartment property.
Need a multifamily loan over $6 million? Visit our Vermont multifamily loan page. For other commercial property types, explore our Vermont commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Vermont Apartment Loan Market Overview
Entering 2026, Vermont presents a supply-constrained apartment market supported by limited development, steady population trends, and strong renter demand in key areas. For borrowers evaluating apartment loans, the state offers a unique environment where constrained inventory and consistent occupancy drive long-term performance. This supports apartment building financing strategies focused on stability, income durability, and limited new competition.
Development activity across Vermont remains minimal compared to larger markets, largely due to geographic and regulatory constraints. As a result, vacancy remains tight in core areas, particularly around Burlington. For apartment lenders, Vermont offers an underwriting profile centered on stability, low supply risk, and consistent tenant demand.
Burlington Anchors Vermont Apartment Loans
Burlington remains the primary driver of apartment activity across Vermont. In 2026, the market is expected to maintain vacancy near 4.5% with average effective rent around $1,800 per month. While job and construction data are limited at the metro level, Burlington continues to benefit from university presence, healthcare employment, and regional demand. For borrowers seeking an apartment building loan, Burlington offers one of the most supply-constrained markets in the Northeast.
South Burlington Provides Suburban Stability
South Burlington offers a suburban apartment market supported by proximity to Burlington. The city has a population of approximately 21,000, median household income near $85,000, median rent around $1,750, and median home value near $500,000. These fundamentals support stable occupancy and long-term investment performance.
Rutland Adds Workforce Housing Demand
Rutland contributes a smaller apartment market supported by local employment and regional demand. The city has a population of approximately 16,000, median household income near $50,000, median rent around $1,200, and median home value near $250,000. This supports workforce housing strategies and stable renter demand.
Rent Levels Reflect Supply Constraints
Vermont maintains elevated rent levels relative to its size due to limited supply and consistent demand. Burlington is projected near $1,800 per month, with smaller markets like Rutland lower depending on local conditions. This allows borrowers to structure apartment loans around stable income-producing assets.
2026 Vermont Apartment Loan Market Forecast
- Employment: Supported by healthcare, education, and regional demand.
- Construction: Limited new supply across the state.
- Vacancy: Vacancy remains tight near 4.5% in core markets.
- Rent: Average effective rent near $1,800 per month in Burlington.
For investors comparing apartment loans in Vermont, 2026 reflects a market defined by limited supply and stable demand. Burlington provides the primary investment focus, while South Burlington and Rutland offer complementary opportunities across suburban and workforce housing segments.
2026 Burlington Vermont Apartment Loan Market Overview
Burlington is Vermont's largest city and the sole major anchor for apartment loans in Vermont, a supply-constrained New England college and healthcare market anchored by the University of Vermont Medical Center, the city's largest employer, the University of Vermont with approximately 3,383 degrees awarded in 2023, Champlain College, and GlobalFoundries' semiconductor plant in adjacent Essex Junction employing approximately 3,000 workers. Vermont's unemployment rate was approximately 2.6% in late 2025, among the lowest in the nation. Burlington has a population of approximately 44,275 to 44,675 residents with the broader Chittenden County metro significantly larger. The median household income is approximately $68,854 to $71,109 and the median property value is approximately $444,800 as of 2024, up approximately 3.8% year-over-year. Approximately 10,654 renter-occupied households represent approximately 60% of all occupied housing units, making Burlington a majority-renter city. Current data as of February 21, 2026 shows the average apartment rent at approximately $2,615 per month, up approximately 2.71% year-over-year, and the median rent at approximately $2,200, approximately 16% above the national average. The Burlington-South Burlington area held a vacancy rate of approximately 2.4% annually in 2024, well below the five-year norm of 1.4% only due to a record 863-unit delivery year, with vacancy projected to tighten again as the pipeline normalizes. These fundamentals support active demand for Vermont apartment loans in the state's only major market.
Burlington Vermont Apartment Loan Rates and Financing in 2026
Financing conditions for Vermont apartment loans remain active in Burlington in 2026, with lenders supporting stabilized assets in supply-constrained markets near UVM Medical Center, the University of Vermont campus, and the Church Street and South End innovation corridors. The median property value of approximately $444,800 as of 2024, up approximately 3.8% year-over-year, combined with Vermont's 2.6% unemployment rate, creates strong underwriting fundamentals for well-located assets. Vermont's median home value increased by over $119,000 between 2019 and 2024, with the share of homes worth more than $300,000 rising from one-third to nearly 60%, creating structural homeownership barriers that reinforce the approximately 60% renter-occupied rate. For borrowers seeking an apartment building loan in Burlington, the UVM Medical Center's institutional employer permanence, UVM's consistent enrollment, and one of the tightest rental markets of any New England city provide a compelling underwriting profile within the broader Vermont apartment building financing landscape.
Trends in the Burlington Vermont Apartment Market
Burlington's rental market is defined by three structurally permanent demand anchors that create one of the most supply-constrained apartment environments in New England. The University of Vermont Medical Center is the city's largest employer, drawing physicians, nurses, and research staff who form the backbone of professional renter demand, and has opened 55 units of UVM housing with 120 more under construction to aid employee recruitment. The University of Vermont awarded approximately 3,383 degrees in 2023 and Champlain College approximately 1,351 degrees, generating consistent student and young professional renter demand. GlobalFoundries' semiconductor facility in Essex Junction employs approximately 3,000 technology workers who largely live in the Burlington metro. Vermont's home values have grown so dramatically that median-income households can now afford only approximately one-third of homes in the state, anchoring professional renters in place longer than in most U.S. markets. Burlington's median age of approximately 26.8 years, the youngest of any Vermont city, and 15 to 24 age group at 31% of renters and 25 to 34 age group at 31% of renters reflect one of the most student and young professional-dominated renter demographics in New England. These fundamentals continue to attract Vermont apartment lenders evaluating the state's only major market.
Burlington Vermont Apartment Loan Rent Levels in 2026
As of February 21, 2026, the average apartment rent in Burlington is approximately $2,615 per month, up approximately 2.71% year-over-year from $2,546, and the median rent across all property types is approximately $2,200, approximately 16% above the national average. By unit type: studios average approximately $1,810/month, one-bedrooms average approximately $2,277/month, two-bedrooms average approximately $2,502/month, and three-bedrooms average approximately $3,425/month. Approximately 32% of all Burlington rentals are priced between $2,001 and $2,500 per month. The Hill Section and Riverside neighborhoods offer more affordable one-bedrooms at approximately $1,650 to $1,700/month, while Old North End averages approximately $1,850/month. Adjacent South Burlington carries a lower average at approximately $1,858/month, providing a secondary investment corridor. These levels support consistent underwriting for apartment loans in Vermont where UVM Medical Center and University of Vermont demand anchor year-round absorption.
Burlington Vermont Apartment Loan Supply and Demand in 2026
Burlington operates in one of the most structurally supply-constrained rental markets in New England, with a five-year vacancy norm of approximately 1.4%. A record delivery year of approximately 863 units in 2024 temporarily pushed annual average vacancy to approximately 2.4%, still exceptionally tight by any national standard. Approximately 563 new units were projected for completion in 2025, still above the long-term average, with South Burlington and Essex-Essex Junction receiving the majority. Critically, approximately 364 of the 2024 units were completed by UVM and UVM Health Network as institutional housing and are not publicly available, reducing market competition. Approximately 53% of Burlington's rental stock was built before 1979, with pre-1939 vintage representing approximately 42% of all units, reflecting one of the oldest rental inventories of any New England city and creating a substantial renovation and repositioning base. For borrowers pursuing apartment building financing in Vermont, Burlington's structural 1.4% long-term vacancy norm, exceptional homeownership barrier height, and UVM Medical Center institutional permanence support some of the most favorable supply-demand underwriting fundamentals in New England.
Opportunities for Apartment Investment in Burlington Vermont
Investors pursuing a Vermont apartment loan in Burlington in 2026 are focused on stable income and limited supply competition from a structural five-year vacancy norm of approximately 1.4%, the tightest of any New England market except Boston proper, value-add acquisitions in Burlington's large pre-1939 vintage stock where the approximately 42% of all units built before 1939 create a deep renovation opportunity base in a market where rents average approximately $2,615/month, and stabilized holds near UVM Medical Center and the University of Vermont campus where physician, nursing, and faculty professional demand at approximately $2,277/month average one-bedroom rents supports consistent above-average income per unit. Burlington's median property value of approximately $444,800 and Vermont's 3.8% year-over-year appreciation confirm a high-barrier-to-entry market that limits new competition. For Vermont apartment lenders evaluating the state's only major market, Burlington offers UVM Medical Center employer permanence, GlobalFoundries technology employment, and one of the most structurally supply-constrained rental environments in the nation that supports strong long-term performance for apartment building loans throughout the metro.
2026 South Burlington Vermont Apartment Loan Market Overview
South Burlington is Vermont's second-largest city and the high-income suburban complement to Burlington for apartment loans in Vermont, offering the state's highest retail concentration, Burlington International Airport, direct access to GlobalFoundries' semiconductor campus in adjacent Essex Junction, and proximity to UVM Medical Center's professional workforce. South Burlington ranked among the top five retail sales areas in the entire state of Vermont. The city has a population of approximately 20,488 to 21,447 residents as of 2026, growing at approximately 1.7% annually, having grown approximately 8.3% since 2019 to 2024, making it one of Vermont's fastest-growing cities. The median household income is approximately $97,229 as of 2023, up approximately 7.54% year-over-year, and the median property value is approximately $428,388. Approximately 3,705 renter-occupied households represent approximately 41% of all occupied housing units. Current data shows the average apartment rent at approximately $1,858 per month, with one-bedrooms at approximately $1,857/month and two-bedrooms at approximately $1,915/month. South Burlington led all Chittenden County municipalities in 2024 new unit deliveries with approximately 422 units, the largest share of the record 863-unit county delivery year, and is set to receive approximately 187 units or 22.5% of the 2025 county pipeline. The Burlington-South Burlington MSA vacancy rate averaged approximately 2.4% in 2024. These fundamentals support income-focused demand for Vermont apartment loans in the state's premier suburban market.
South Burlington Vermont Apartment Loan Rates and Financing in 2026
Financing conditions for Vermont apartment loans remain favorable in South Burlington in 2026, with lenders supporting income-focused assets near Burlington International Airport, the Williston Road commercial corridor, GlobalFoundries' Essex Junction campus serving approximately 3,000 technology workers, and the UVM Medical Center and UVM campus employment base. The median property value of approximately $428,388 and Vermont's structural homeownership barriers, where the share of homes worth more than $300,000 rose from one-third to nearly 60% between 2019 and 2024, create consistent renter demand even at South Burlington's above-average income levels. South Burlington's median household income of approximately $97,229, approximately 29% above the national median, supports rent capacity well above the Burlington metro average. For borrowers seeking an apartment building loan in South Burlington, the city's 1.7% annual growth, GlobalFoundries technology employment anchor, and airport-adjacent commercial corridor provide a compelling underwriting profile within the broader Vermont apartment building financing landscape.
Trends in the South Burlington Vermont Apartment Market
South Burlington's rental market benefits from being the primary residential destination for Chittenden County's highest-income professional workforce. Healthcare and social assistance leads South Burlington employment at approximately 2,328 workers, educational services at approximately 1,642 workers, and professional, scientific, and technical services at approximately 1,236 workers, reflecting a predominantly professional and managerial renter base. GlobalFoundries in adjacent Essex Junction is Vermont's largest private employer with approximately 3,000 employees, many of whom reside in South Burlington given its proximity and superior amenity base. The Burlington-South Burlington MSA is home to approximately 228,000 people with a median property value of approximately $401,000 as of 2024. South Burlington's median age of approximately 38 years, significantly more established than Burlington's 26.8 years, and 25 to 34 age group at 15.5% of the adjacent UVM-FAHC corridor reflect a more settled professional and family renter base. Vermont's state unemployment rate was approximately 2.6% in late 2025, among the lowest nationally. These fundamentals continue to attract Vermont apartment lenders evaluating the state's premier suburban market.
South Burlington Vermont Apartment Loan Rent Levels in 2026
The average apartment rent in South Burlington is approximately $1,858 per month. By unit type: studios average approximately $1,092/month, one-bedrooms average approximately $1,857/month, two-bedrooms average approximately $1,915/month, and three-bedrooms average approximately $1,998/month. South Burlington rents are meaningfully below Burlington's city average of approximately $2,615/month, offering a competitive lower entry point while drawing on the same Chittenden County employment base. The median gross rent in South Burlington is approximately $1,661/month on a Census basis. Two-bedroom units are the most common rental configuration, consistent with the city's professional family renter orientation. These levels support consistent underwriting for apartment loans in Vermont where GlobalFoundries and UVM Medical Center demand anchor year-round South Burlington absorption at rents below Burlington's university-inflated market average.
South Burlington Vermont Apartment Loan Supply and Demand in 2026
South Burlington led Chittenden County's 2024 new unit delivery with approximately 422 units, the largest share of the record 863-unit county delivery year, and is projected to receive approximately 187 units or 22.5% of the 2025 county pipeline, again the largest single-municipality share. Despite this new supply, the Burlington-South Burlington MSA vacancy averaged approximately 2.4% in 2024, still well below the national average and only temporarily elevated above the five-year county norm of approximately 1.4%. Vermont's structural housing shortage, where median home values rose over $119,000 between 2019 and 2024 while household income grew only approximately 15%, keeps professional renters in apartments longer than in most U.S. markets. For borrowers pursuing apartment building financing in Vermont, South Burlington's 1.7% annual population growth, Vermont's structural homeownership affordability crisis, and GlobalFoundries technology employment permanence support a consistently strong long-term underwriting environment.
Opportunities for Apartment Investment in South Burlington Vermont
Investors pursuing a Vermont apartment loan in South Burlington in 2026 are focused on stable income and suburban demand from GlobalFoundries' approximately 3,000 technology employees in adjacent Essex Junction where semiconductor professional incomes support consistent above-average rent capacity, professional family stabilized holds near Burlington International Airport and Williston Road where South Burlington's approximately $97,229 median household income, approximately 29% above the national median, anchors rent payment reliability well above the Vermont average, and income-focused assets benefiting from Vermont's structural homeownership barrier where the share of homes priced over $300,000 approaching 60% of the entire state inventory keeps high-income renters in professionally managed apartments. South Burlington's combination of Vermont's second-largest retail market, airport access, and highest-income suburban demographic provides a differentiated stable income profile. For Vermont apartment lenders evaluating the state's premier suburban market, South Burlington offers GlobalFoundries technology permanence, the state's highest median household income among major cities, and Vermont's structural housing shortage that supports strong long-term performance for apartment building loans throughout the metro.
2026 Rutland Vermont Apartment Loan Market Overview
Rutland is Vermont's second-largest county seat and the commercial and healthcare hub of central Vermont, offering a workforce housing market for apartment loans in Vermont anchored by Rutland Regional Medical Center, the region's largest employer and primary hospital, retail and service employment along Route 7, and proximity to Killington Ski Resort, the largest ski area in the eastern United States and a major driver of regional seasonal and year-round employment. The city has a population of approximately 15,457 to 15,840 residents as of 2026 with the broader Rutland County at approximately 60,271 people. The median household income is approximately $55,000 to $57,675 in the city and approximately $64,778 for Rutland County, and the median property value is approximately $236,847, solidly below the national average. Retail trade leads city employment at approximately 1,291 workers, healthcare and social assistance at approximately 1,086 workers, and educational services at approximately 891 workers. The median rent is approximately $1,375 to $1,700 per month, approximately 15 to 36% below the national average, supporting initial cap rates well above Vermont's larger metro markets. Vermont's statewide rental vacancy rate was approximately 3.7% as of 2024, one of the lowest in New England. These fundamentals support income-focused demand for Vermont apartment loans in the state's central hub market.
Rutland Vermont Apartment Loan Rates and Financing in 2026
Financing conditions for Vermont apartment loans remain favorable in Rutland in 2026, with lenders supporting workforce housing assets near Rutland Regional Medical Center, the Route 7 commercial corridor, and the Vermont Technical College campus that serves the region's skilled trades and healthcare training workforce. The median property value of approximately $236,847, below the national average, creates favorable per-unit acquisition economics relative to rents of approximately $1,375 to $1,700/month, supporting consistent initial cap rates. Vermont's structural housing shortage, where the median home sale price statewide is approximately 7.2 times the median renter household income, keeps workforce renters in place well beyond typical lease cycles. For borrowers seeking an apartment building loan in Rutland, Rutland Regional Medical Center's institutional permanence, Killington's year-round employment generation, and the city's role as Rutland County's commercial hub provide a stable underwriting profile within the broader Vermont apartment building financing landscape.
Trends in the Rutland Vermont Apartment Market
Rutland's rental market is defined by stable healthcare and regional service employment anchors that operate largely independent of broader economic cycles. Rutland Regional Medical Center is the city's largest single employer and anchors consistent healthcare professional renter demand. Killington Ski Resort, the largest ski area in eastern North America, generates substantial year-round employment in hospitality, retail, and mountain operations, with many workers residing in Rutland due to its more affordable housing relative to Killington-area towns. Retail trade employs approximately 1,291 workers, healthcare approximately 1,086 workers, and educational services approximately 891 workers, reflecting a diversified service economy. Vermont's statewide rental vacancy rate of approximately 3.7% as of 2024 confirms broad structural undersupply across the state, and Rutland's small rental inventory of approximately 7,440 total housing units limits new supply competition. The city's median age of approximately 49 years reflects an older, more established workforce renter base with higher lease stability and lower turnover than university markets. These fundamentals continue to attract Vermont apartment lenders evaluating the state's central market.
Rutland Vermont Apartment Loan Rent Levels in 2026
The median rent in Rutland is approximately $1,375 to $1,700 per month, approximately 15 to 36% below the national average, making Rutland one of the most affordable rental markets in Vermont while still delivering year-over-year rent growth of approximately 31% over the prior year as of August 2025. Vermont statewide rents reached approximately $1,149 median in 2022 with HUD increasing fair market rent standards for one-bedroom units by approximately 19 to 27% in 2023, reflecting the structural Vermont housing shortage that is lifting rents even in smaller markets. Rutland's rent range spans approximately $850 to $7,500/month across all property types, with typical apartments ranging from approximately $850 to $1,500/month for studios and one-bedrooms and approximately $1,200 to $1,800/month for two-bedrooms. These levels support consistent underwriting for apartment loans in Vermont where Rutland Regional Medical Center and Killington employment anchor steady workforce absorption.
Rutland Vermont Apartment Loan Supply and Demand in 2026
Rutland carries a stable supply-demand profile driven by the region's structural housing shortage and the city's role as the commercial and healthcare hub for all of Rutland County's approximately 60,271 residents. Vermont's statewide rental vacancy rate of approximately 3.7% as of 2024 confirms broad undersupply, and Rutland's small total housing inventory of approximately 7,440 units limits new construction at meaningful scale. Vermont's median home sale price statewide is approximately 7.2 times the median renter household income, making homeownership structurally inaccessible for most Rutland renters and anchoring them in the rental market long-term. Approximately 48% of Rutland's housing stock is single-family detached homes, approximately 29% is small multifamily and converted apartment buildings, and approximately 19% is large apartment complexes, reflecting a diverse and older inventory base with substantial value-add potential. For borrowers pursuing apartment building financing in Vermont, Rutland's structural Vermont housing shortage, Killington seasonal employment demand, and Rutland Regional Medical Center institutional permanence support a stable and predictable long-term underwriting environment.
Opportunities for Apartment Investment in Rutland Vermont
Investors pursuing a Vermont apartment loan in Rutland in 2026 are focused on stable income and workforce demand from Rutland Regional Medical Center where healthcare professional employment anchors the most stable and lowest-turnover renter segment, value-add acquisitions in the large pre-war and 1970s vintage stock where Rutland's below-national-average property values and Vermont's structural rent growth trajectory of approximately 19 to 31% over the prior few years create compelling repositioning returns at low acquisition costs, and stabilized workforce holds where the city's approximately 49-year median age and established family renter base provide exceptional lease stability relative to university-driven Vermont markets. Rutland's median property value of approximately $236,847, below the national average, and rents approximately 15 to 36% below the national average deliver some of the most favorable initial yield metrics in Vermont. For Vermont apartment lenders evaluating the state's central market, Rutland offers Rutland Regional Medical Center employer permanence, Killington tourism employment seasonality, and Vermont's structural rental housing shortage that supports strong long-term income performance for apartment building loans throughout the region.
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 Vermont 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 Vermont
At Select Commercial, we arrange financing for a wide range of Vermont 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 Vermont Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Vermont 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 Vermont Apartment Loans
Vermont 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 Vermont. 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 Vermont
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Vermont Apartment Building Financing
Select Commercial provides apartment building financing and Vermont commercial mortgages throughout the state of Vermont including but not limited to the areas below.