Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Charlotte, North Carolina
Charlotte Apartment Loans in 2026
Select Commercial specializes in Charlotte apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.81% and up to 80% LTV. For properties elsewhere in the state, see our North Carolina apartment loans; for loans over $6 million, see Charlotte multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Charlotte
Charlotte apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See North Carolina apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Charlotte Apartment Loan Rates
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.16% | Up to 80% |
| 7 Year Fixed | 6.14% | Up to 80% |
| 10 Year Fixed | 6.16% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.81% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.81% | Up to 75% |
- Streamlined underwriting for institutional multifamily
- Cash-out refinances are acceptable
- Interest-only and non-recourse options
- Minimum 1.25x debt-service-coverage ratio
Rates last updated August 11, 2026. Rates and maximum LTV shown represent our best-case pricing scenarios. Actual rates, LTV, and loan terms are subject to underwriting approval and may vary.
Compare Charlotte Apartment Loan Programs
As a broker, we compare every program to find your best-fit Charlotte apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.16% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.15% | Up to 80% | $1M to $7.5M small balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.25% | Up to 75% | Flexible, value-add |
| Bridge | 9.00% | Up to 80% LTC | Reposition, lease-up |
Most apartment lenders look for a debt-service-coverage ratio (DSCR) of at least 1.25x. For properties over $6 million, see our Charlotte multifamily loans.
2026 Charlotte Apartment Loan Market: Strong Hiring Supports Demand Despite Heavy Deliveries
Charlotte's outlook in 2026 benefits from ongoing demographic momentum and job creation, even as the metro continues working through a sizable delivery slate. In Charlotte, investors pursuing apartment building loans tend to underwrite the same core drivers that shape a Charlotte apartment loan, including employment growth, new supply, vacancy direction, and rent performance.
Employment
Charlotte is projected to add about 14,000 jobs in 2026, outpacing the national growth rate. Since 2021, the metro has ranked among the faster-growing major markets for employment, which helps support renter demand.
Construction and supply
Total inventory is projected to expand by about 3.9% in 2026, moderating from last year's 6.1% gain but still representing the fastest growth among major U.S. markets. The delivery slate remains meaningful, with roughly 10,000 units referenced in the market forecast.
Vacancy
A pullback in construction compared to last year, along with softer overall employment gains, is expected to keep vacancy relatively steady at about 5.1%. That level remains roughly 140 basis points below the metro's long-term average.
Rent trend
Annual rent growth is projected to exceed 2025's gain of 1.1%, lifting the year-end average effective rent to about $1,590 per month. That level remains slightly below the mid-2023 peak near $1,600.
2026 Charlotte forecast at a glance:
- Employment Growth: Charlotte is projected to add about 14,000 jobs in 2026.
- Construction Trends: Inventory is projected to expand about 3.9%, with roughly 10,000 units referenced in the forecast.
- Vacancy: Vacancy is expected to hold near 5.1%, about 140 bps below the long-term average.
- Rent: Rent growth is projected near +1.6%, with average effective rent around $1,590 per month.
Charlotte Multifamily Loans (Over $6 Million)
For larger Charlotte apartment properties, we arrange multifamily loans over $6 million through Fannie Mae DUS, Freddie Mac, FHA/HUD and CMBS. These institutional programs offer non-recourse financing, up to 80% LTV and fixed terms up to 30 years, with even longer fully amortizing options through HUD.
See our Charlotte multifamily loans page for over-$6 million financing, or explore Fannie Mae and Freddie Mac agency programs.
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Charlotte Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Charlotte apartment building, we arrange financing for:
- Large urban high-rise apartment buildings
- Suburban garden apartment complexes
- Small apartment buildings with 5+ units
- Underlying cooperative apartment loans
- Portfolios of small apartment and single-family rental properties
- Other multifamily and mixed-use properties
We consider apartment loan requests of all sizes, beginning at $1,500,000.
Other Property & Loan Types We Finance in Charlotte
As a full-service commercial mortgage broker, we arrange Charlotte financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Charlotte Neighborhoods We Serve
Select Commercial provides apartment loans throughout Charlotte, North Carolina and the surrounding area, including:
- Myers Park
- Ballantyne West
- Autumnwood
- Highland Creek
- Quail Hollow
- Cotswold
- Fourth Ward
- Davis Lake / Eastfield
- Tryon Hills
- City Center
- Mountain Island
- University City North
- Carmel
- Toddville Road
- East Forest
- Dilworth
- First Ward
- Newell
- Closeburn / Glenkirk
- Oakhurst
For other cities in the state, see North Carolina apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
What Our Clients Say
“I am a veterinarian who purchased an existing practice. I was surprised to find a company that offered 100% financing at a good rate, with great terms and rates for medical office financing.”
Carol K. · Chicago, IL“I spoke to several commercial lenders before finding Select Commercial. They got me a lower rate and their service was exceptional. If you need a multifamily loan, you need to talk to Stephen.”
Nathan B. · Philadelphia, PA“Select Commercial was very helpful with my multifamily mortgage. Stephen went over several options and we came up with the best lender to meet my needs. I got the funds and also lowered my payments.”
Gary M. · Portland, OR“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet Your Charlotte Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Charlotte apartment loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up