Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Cincinnati, Ohio
Cincinnati Apartment Loans in 2026
Select Commercial specializes in Cincinnati apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.74% and up to 80% LTV. For properties elsewhere in the state, see our Ohio apartment loans; for loans over $6 million, see Cincinnati multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Cincinnati
Cincinnati apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Ohio apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Cincinnati 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 | 5.76% | Up to 75% |
| 7 Year Fixed | 5.74% | Up to 75% |
| 10 Year Fixed | 5.76% | 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 14, 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 Cincinnati Apartment Loan Programs
As a broker, we compare every program to find your best-fit Cincinnati 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 Cincinnati multifamily loans.
2026 Cincinnati Apartment Loan Market: Sixth Straight Year of Job Growth Sustains Apartment Demand
Cincinnati is on track for its sixth consecutive year of job growth in 2026, though hiring momentum eases from the prior year. Sub-4% vacancy and pronounced rent growth across mid- and low-tier properties define the outlook.
Employment
Cincinnati adds roughly 5,000 jobs in 2026 for its sixth consecutive year of growth, though hiring momentum falls short of last year's 0.7% gain.
Construction and supply
Anticipated deliveries in 2026 expand local rental stock by 1.2%, roughly 2,000 units, exceeding last year's increase and aligning with the forecasted national inventory change.
Vacancy
Metro vacancy is expected to reach 3.8% by year-end as inventory growth surpasses the long-term pace, yet availability remains well below the 5.9% historical average.
Rent trend
The average effective rent is projected to reach $1,560 per month, a year-over-year increase of about 3.4%, tying with three other metros for the fifth-fastest growth rate among major markets.
2026 Cincinnati forecast at a glance:
- Employment: about 5,000 new jobs
- Construction: about 2,000 units, inventory growth of 1.2%
- Vacancy: around 3.8% by year-end
- Rent: about $1,560 per month, up roughly 3.4%
Cincinnati Multifamily Loans (Over $6 Million)
For larger Cincinnati 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 Cincinnati 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.
Cincinnati Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Cincinnati 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 Cincinnati
As a full-service commercial mortgage broker, we arrange Cincinnati financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Cincinnati Neighborhoods We Serve
Select Commercial provides apartment loans throughout Cincinnati, Ohio and the surrounding area, including:
- Over-the-Rhine
- Hyde Park
- Oakley
- Mount Adams
- Clifton
- Northside
- Walnut Hills
- Mount Lookout
- Madisonville
- Pleasant Ridge
- East Walnut Hills
- Columbia-Tusculum
- West End
- Corryville
- Avondale
- College Hill
- Westwood
- Downtown Cincinnati
For other cities in the state, see Ohio apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Toledo · Cleveland · Columbus · All Ohio · Other U.S. cities
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 Cincinnati Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Cincinnati 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