Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Columbus, Ohio
Columbus Apartment Loans in 2026
Select Commercial specializes in Columbus 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 Columbus multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Columbus
Columbus 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.
Columbus 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 16, 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 Columbus Apartment Loan Programs
As a broker, we compare every program to find your best-fit Columbus 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 Columbus multifamily loans.
2026 Columbus Apartment Loan Market: Investor Confidence Holds Through a More Tempered Expansion
Columbus navigates a more tempered economic expansion in 2026 as white-collar hiring slows, yet ongoing household growth continues to bolster the renter pool. Low vacancy and favorable entry costs keep the metro in the top quartile nationally.
Employment
Job growth moderates in 2026 with a projected gain of 9,000 roles, below the metro's long-term average of nearly 13,000 annually.
Construction and supply
The delivery pipeline contracts below its prior 10-year average, roughly 4,700 units, yet an inventory growth rate of 2.2% still ranks among the top 10 nationwide.
Vacancy
Following a triple-digit basis-point drop last year, the vacancy rate rises modestly to 4.2% by the end of 2026, 50 basis points below the national measure.
Rent trend
The average effective rent increases to $1,435 per month, up about 2.5%, leaving the year-end payment roughly 40% higher than its 2020 average.
2026 Columbus forecast at a glance:
- Employment: about 9,000 new jobs
- Construction: about 4,700 units, inventory growth of 2.2%
- Vacancy: around 4.2% by year-end
- Rent: about $1,435 per month, up roughly 2.5%
Columbus Multifamily Loans (Over $6 Million)
For larger Columbus 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 Columbus 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.
Columbus Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Columbus 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 Columbus
As a full-service commercial mortgage broker, we arrange Columbus financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Columbus Neighborhoods We Serve
Select Commercial provides apartment loans throughout Columbus, Ohio and the surrounding area, including:
- Short North
- German Village
- Clintonville
- Victorian Village
- Italian Village
- Franklinton
- Grandview Heights
- Bexley
- Upper Arlington
- Worthington
- Westerville
- Olde Towne East
- University District
- Gahanna
- New Albany
- Dublin
- Hilliard
- Downtown Columbus
For other cities in the state, see Ohio apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Toledo · Cincinnati · Cleveland · 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 Columbus Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Columbus 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