Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Denver, Colorado
Denver Apartment Loans in 2026
Select Commercial specializes in Denver 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 Colorado apartment loans; for loans over $6 million, see Denver multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Denver
Denver apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Colorado apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Denver 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 Denver 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 Denver Apartment Loan Programs
As a broker, we compare every program to find your best-fit Denver 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 Denver multifamily loans.
2026 Denver Apartment Loan Market: Local Dynamics Drive Performance as Supply Falls
Denver heads into 2026 with fewer new deliveries and an apartment outlook that depends heavily on neighborhood-level demand. For Denver investors evaluating apartment building loans, the same fundamentals that support a Denver apartment loan remain key, including job growth, the pace of completions, vacancy direction, and rent momentum.
Employment
Job growth is expected to improve modestly in 2026 with the addition of about 8,000 roles. Office-using industries are projected to post small gains, and education and healthcare hiring is also expected to hold firm.
Construction and supply
Deliveries are projected to decline by more than 3,000 units versus 2025, totaling less than one-third of the 2024 peak. Inventory growth is projected around 1.7%, roughly half the past decade's average, and completions are expected to be near 6,000 units.
Vacancy
Labor and immigration headwinds are expected to impact renter demand, but a lighter delivery year helps limit additional vacancy pressure. Vacancy is forecast near 6.0% in 2026, following a modest increase of about 10 bps, and Denver ranks among the higher-vacancy major markets.
Rent trend
Denver's average effective rent is expected to rise in 2026 as lease-up concessions at recently delivered properties phase out. Average effective rent is projected near $1,825 per month, with rent growth around +2.1% after two years of declines.
2026 Denver forecast at a glance:
- Employment: about 8,000 jobs added, supported by modest office-using gains
- Construction: completions near 6,000 units, inventory growth around 1.7%
- Vacancy: projected near 6.0%, with a modest increase of about 10 bps
- Rent: average effective rent projected near $1,825 per month, up about +2.1%
Denver Multifamily Loans (Over $6 Million)
For larger Denver 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 Denver 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.
Denver Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Denver 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 Denver
As a full-service commercial mortgage broker, we arrange Denver financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Denver Neighborhoods We Serve
Select Commercial provides apartment loans throughout Denver, Colorado and the surrounding area, including:
- Alamo Placita
- Five Points
- Park Hill
- Athmar Park
- Platt Park
- Baker
- Berkeley
- Capitol Hill
- Cherry Creek
- City Park
- Congress Park
- Country Club
- Highland
- Jefferson Park
- LoDo
- Sloans Lake
- Sunnyside
- Union Station
- Washington Park
- West Highlands
For other cities in the state, see Colorado 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 Denver Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Denver 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