Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Dallas, Texas
Dallas Apartment Loans in 2026
Select Commercial specializes in Dallas apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 6.16% and up to 80% LTV. For properties elsewhere in the state, see our Texas apartment loans; for loans over $6 million, see Dallas multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Dallas
Dallas apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Texas apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Dallas Apartment Loan Rates (Under $6 Million)
| Loan Type | Rate* | Max LTV |
|---|---|---|
| Apartment 5 Year Fixed | 6.16% | Up to 80% |
| Apartment 7 Year Fixed | 6.14% | Up to 80% |
| Apartment 10 Year Fixed | 6.16% | Up to 80% |
- Rates as low as 6.16% on Dallas apartment loans
- Up to 80% LTV on apartment financing
- Terms and amortizations up to 30 years
- Purchase and refinance, including cash-out
- No upfront application or processing fees
- 48-hour written pre-approvals, no cost or obligation
Rates last updated August 10, 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 Dallas Apartment Loan Programs
As a broker, we compare every program to find your best-fit Dallas apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.16%-6.95% | 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%-6.50% | 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 Dallas multifamily loans.
2026 Dallas Apartment Loan Market: Supply Cools as Demand Absorbs Inventory
Dallas is moving into a healthier apartment environment in 2026 as the pace of new deliveries slows and renter demand absorbs more existing inventory. That shift matters for financing because Dallas investors pursuing apartment building loans tend to focus on the same drivers that support a Dallas apartment loan, including job growth, supply levels, vacancy direction, and rent momentum.
Employment
The Dallas-Fort Worth metroplex is projected to add about 25,000 jobs in 2026, tying for the largest total job gain nationally. While overall employment growth trails the long-term average, Dallas-area demand drivers remain supported by population gains and ongoing corporate relocation activity.
Construction and supply
Marketwide apartment deliveries are expected to fall to less than half of 2025's level, and inventory growth is projected to moderate to about 2.1% in 2026. Recently supply-laden areas like Allen-McKinney and Frisco are described as expanding employment hubs supported by sizable office and retail development pipelines.
Vacancy
Softer hiring coincides with a slowing development pipeline, shifting vacancy down to about 5.9% by year-end, roughly 30 bps below the metroplex long-term average. Mid-tier assets are described as best positioned following vacancy improvement, while concessions remain more common in Class C.
Rent trend
Tightening vacancy is expected to support rent growth that is roughly in line with the national forecast, bringing the year-end average to about $1,540 per month. These figures help Dallas investors strengthen an underwriting case for a Dallas apartment loan tied to stabilized or improving cash flow as supply pressure fades.
2026 Dallas forecast at a glance:
- Employment: about 25,000 jobs added across the Dallas-Fort Worth metroplex
- Construction: inventory growth moderates to about 2.1%, deliveries less than half of 2025
- Vacancy: shifts down to about 5.9% by year-end, roughly 30 bps below the long-term average
- Rent: growth projected near +1.8%, year-end average around $1,540 per month
Dallas Multifamily Loans (Over $6 Million)
For larger Dallas 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 Dallas 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.
Dallas Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Dallas 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 Dallas
As a full-service commercial mortgage broker, we arrange Dallas financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Dallas Neighborhoods We Serve
Select Commercial provides apartment loans throughout Dallas, Texas and the surrounding area, including:
- Bishop Arts District
- Dallas Design District
- Deep Ellum
- Downtown
- Fair Park
- Greenville Avenue
- Highland Park
- Knox-Henderson
- Lakewood
- Lower Greenville
- North Dallas
- Northwest Dallas
- Oak Cliff
- Oak Lawn
- Preston Hollow
- Southern Methodist University
- Trinity Groves
- University Park
- West End
For other cities in the state, see Texas apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Houston · Austin · San Antonio · El Paso · Lubbock · Plano · Arlington · Fort Worth · All Texas · 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 Dallas Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Dallas 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