Florida Apartment Loan Rates
| FL Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.76% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.79% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.82% | Up to 80% | |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization will be determined by underwriting.
Want a personalized quote? Click here to request a customized loan quote for your Florida apartment property.
Need a multifamily loan over $6 million? Visit our Florida multifamily loan page. For other commercial property types, explore our Florida commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Florida Apartment Loan Market Overview
Entering 2026, Florida remains one of the most active apartment markets in the country. For borrowers evaluating apartment loans, the state continues to benefit from strong in-migration, elevated barriers to homeownership, and persistent renter demand across its major metros. While development activity has been elevated over the past several years, supply is beginning to normalize, allowing apartment building financing to be structured around improving fundamentals in many markets.
Fort Lauderdale Remains a Core Anchor for Florida Apartment Loans
Fort Lauderdale continues to set the tone for much of the state's apartment activity. In 2026, the metro is projected to grow employment by 0.7%, deliver roughly 3,300 units, post vacancy near 4.9%, and finish the year with average effective rent around $2,530 per month. For borrowers seeking an apartment building loan, Fort Lauderdale offers a combination of strong rent levels and relatively stable vacancy compared to many Sun Belt markets.
West Palm Beach Adds High-Income Demand and Limited Supply Pressure
West Palm Beach provides another key South Florida reference point. The 2026 outlook calls for approximately 6,000 jobs added, roughly 2,200 units delivered, vacancy near 4.9%, and average effective rent around $2,575 per month. This profile continues to support apartment lenders looking for markets where strong household income and limited home affordability reinforce apartment demand.
Tampa-St. Petersburg Adds Scale and Improving Supply Balance
Tampa-St. Petersburg adds a broader growth component to the Florida apartment market. In 2026, the metro is projected to add about 6,000 jobs, deliver roughly 5,300 units, maintain vacancy near 5.4%, and reach average effective rent around $1,875 per month. For apartment loans, Tampa represents a large-scale market where supply is moderating and demand remains strong.
Rent Levels Remain Elevated Across Florida Markets
Florida continues to offer a wide but elevated rent range across major metros. Fort Lauderdale is projected near $2,530 per month, West Palm Beach near $2,575 per month, and Tampa near $1,875 per month. This range allows borrowers to structure apartment building financing strategies based on either high-income coastal markets or larger, more moderate-growth metros.
2026 Florida Apartment Loan Market Forecast
- Employment: Fort Lauderdale +0.7%, West Palm Beach +6,000 jobs, Tampa +6,000 jobs.
- Construction: Fort Lauderdale ~3,300 units, West Palm Beach ~2,200 units, Tampa ~5,300 units.
- Vacancy: ~4.9% South Florida, ~5.4% Tampa.
- Rent: ~$2,530 Fort Lauderdale, ~$2,575 West Palm Beach, ~$1,875 Tampa.
For investors comparing apartment loans in Florida, 2026 reflects a multi-market landscape. South Florida offers strong pricing and stable demand, while Tampa provides scale and improving supply-demand balance. Together, these markets provide multiple avenues for structuring apartment investments.
2026 Fort Lauderdale Florida Apartment Loan Market Overview
Fort Lauderdale continues to be one of the most stable apartment markets in Florida. Strong rent levels and controlled supply support consistent underwriting for apartment loans.
Fort Lauderdale Florida Apartment Loan Rates and Financing in 2026
Financing remains active for stabilized assets, with lenders favoring strong locations and consistent occupancy trends.
Trends in the Fort Lauderdale Florida Apartment Loan Market
The market benefits from high-income renters and limited homeownership affordability.
Fort Lauderdale Florida Apartment Loan Rent Levels in 2026
Average effective rent is projected near $2,530 per month.
Fort Lauderdale Florida Apartment Loan Supply and Demand
Supply remains moderate while demand continues to support stable vacancy.
Opportunities for Apartment Investment in Fort Lauderdale Florida
Investors focus on long-term holds and income-producing properties.
2026 West Palm Beach Florida Apartment Loan Market Overview
West Palm Beach supports strong apartment fundamentals with high renter income levels and limited new supply.
West Palm Beach Florida Apartment Loan Rates and Financing in 2026
Lenders favor stabilized properties with consistent rent performance.
Trends in the West Palm Beach Florida Apartment Loan Market
The market continues to attract capital due to strong demographics.
West Palm Beach Florida Apartment Loan Rent Levels in 2026
Average rent is projected near $2,575 per month.
West Palm Beach Florida Apartment Loan Supply and Demand
Supply remains controlled relative to demand.
Opportunities for Apartment Investment in West Palm Beach Florida
Opportunities focus on long-term appreciation and income stability.
2026 Tampa Florida Apartment Loan Market Overview
Tampa offers a large-scale growth market with improving supply-demand conditions.
Tampa Florida Apartment Loan Rates and Financing in 2026
Financing remains active across stabilized and growth assets.
Trends in the Tampa Florida Apartment Loan Market
Population growth and infrastructure investment continue to support demand.
Tampa Florida Apartment Loan Rent Levels in 2026
Average rent is projected near $1,875 per month.
Tampa Florida Apartment Loan Supply and Demand
Supply is moderating while demand remains strong.
Opportunities for Apartment Investment in Tampa Florida
Investors target growth corridors and long-term rental demand.
Why Choose Select Commercial for Apartment Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons apartment building investors choose to work with us for Florida apartment loans between $1.5 million and $6 million. We also actively finance multifamily loans exceeding $6 million.
Here’s what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of apartment lenders, not just one bank
- Loan structures tailored to your property and investment goals
Apartment Property Types We Finance in Florida
At Select Commercial, we arrange financing for a wide range of Florida apartment buildings, from smaller 5+ unit walkups to large portfolios of rental properties. Whether your property is urban, suburban, or mixed-use, we can help you secure the right loan structure based on your investment goals.
- Urban mid-rise and high-rise apartment buildings
- Suburban garden-style apartment complexes
- Small apartment buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op apartment building loans
- Portfolios of small apartment or single-family rental properties
- Stabilized buildings with strong cash flow and rent history
If you're not sure whether your property qualifies, contact us for a free quote and we'll review your deal and let you know within 24 hours.
Recent Apartment Loan Closings
Why Florida Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Florida apartment loan market. We're not just brokers, we provide personalized service, fast answers, and access to top institutional lenders without the bureaucracy of traditional banks.
- Over 30 years of apartment loan experience with a national platform
- No upfront fees and fast pre-approvals, often within 24 hours
- Direct access to top lenders offering aggressive terms
- Dedicated support from quote to closing
Want to see why so many clients return to us for their next deal? Start with a free quote – we'll review your scenario and respond quickly.
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of multifamily financing. His insights and perspectives are regularly sought by leading industry publications. Here are his latest contributions that highlight his deep understanding of the multifamily financing landscape and his commitment to providing clear, insightful analysis on key industry issues.
Navigating Opportunity, Risk as 2025 Winds Down
In an article for Commercial Property Executive titled "Navigating Opportunity, Risk as 2025 Winds Down", Sobin explains as we head into the final stretch of 2025, the commercial real estate industry stands at a pivotal moment. After several years of upheaval—from pandemic disruptions to aggressive Federal Reserve rate hikes and lasting shifts in how people live and work—the sector is entering a new phase.
Why Lower Rates Haven't Fixed Commercial Real Estate
In an article for Wealth Management titled "Why Lower Rates Haven't Fixed Commercial Real Estate", Sobin explains that even as the Federal Reserve has begun cutting rates and borrowing costs should be falling, the commercial real estate sector remains locked in a frustrating stalemate. For high-net-worth investors trying to time the market, he emphasizes that understanding this disconnect requires looking beyond the headlines.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Apartment
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that while inflation is still a challenge for the Federal Reserve, there are many positive signs for the commercial real estate industry. The headline Consumer Price Index rose 3.2 percent for the year ended Feb. 29, a figure 20 basis points lower than the Dec. 31, 2023, rate. read the full article.
Commercial Spotlight: Mid-Atlantic Region In this four-state powerhouse, smaller metros are thriving.
In a feature in Scotsman Guide, the Mid-Atlantic Region's real estate dynamics are explored, highlighting its resilience and growth amidst the pandemic.
Stephen Sobin of Select Commercial Funding LLC shared insights on the New York market's allure and the challenges buyers face. He noted the shift from primary urban areas to tertiary markets due to evolving preferences and financial conditions. For a deeper dive into Sobin's analysis, read the full article.
What the New Jobs Report Means for CRE
In an article titled "What the New Jobs Report Means for CRE" in Commercial Property Executive, Stephen Sobin shared his perspective on the latest jobs report and its implications for the Commercial Real Estate (CRE) sector. He highlighted the challenges posed by high interest rates and the prevailing uncertainty in the market. Sobin remarked, "Sellers aren’t selling, buyers aren’t buying... Everyone is waiting because no one knows what to expect." For a detailed analysis and more of Sobin's insights, read the full article.
Decoding "Junk Fees" in Rental Housing
In another latest contribution to Multi-Housing News, Sobin provided expert commentary in an article titled "What's Next for Junk Fees? The Industry Weighs In". He clarified the difference between legitimate fees collected for various third-party services and so-called "junk fees". Sobin emphasized the importance of borrowers understanding their rights in negotiating all loan terms and the obligation of lenders to disclose all fees.
Understanding the Impact of Federal Reserve's Decisions
In a recent article titled "How the Fed's Pause on Interest Rates Impacts Multifamily" published by Multi-Housing News, Sobin shared his expert insights on the Federal Reserve's decision to pause interest rate hikes. He accurately predicted that the Fed would not raise rates in June, citing recent bank failures and lingering concerns about a potential recession.
Stay tuned for more expert insights from Stephen A. Sobin on the evolving multifamily financing landscape.
Frequently Asked Questions About Florida Apartment Loans
Florida apartment loan rates vary depending on several factors such as loan-to-value ratio (LTV), property type, borrower experience, and market conditions. As of 2025, rates remain elevated due to ongoing inflation concerns, but borrowers with strong credit and high-quality assets can still find competitive pricing. Check our latest apartment loan rates for current updates.
Most lenders require a DSCR of at least 1.25, good borrower credit, net worth, liquidity, and experience. Loan-to-value ratios in 2025 typically range from 65% to 80%, due to elevated interest rates. Properties with strong occupancy and clean financials stand a better chance of qualifying.
Most lenders require 20% to 25% down for apartment loans in Florida. Your loan-to-value ratio will be subject to the property's debt service coverage ratio.
A qualified broker like Select Commercial can present your loan to many different capital sources, including banks, credit unions, CMBS, agency lenders, and private funds. This increases the odds of approval and helps you secure the most favorable terms available.
The process starts with gathering financials like a rent roll, trailing 12-month income and expense statement, borrower resume, and net worth statement. A mortgage broker will analyze your documents and match you with the best lending program. Start with a Free Quote today.
Absolutely. While this page focuses on apartment loans under $6 million, Select Commercial also arranges smaller balance loans for qualified borrowers. Visit our multifamily loan page for options over $6 million.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency small balance loan programs in addition to bank and private capital options. Featured programs include:
- Fannie Mae® Small Loan Program – For apartment properties with 5+ units and loan sizes from $1 million to $6 million
- Freddie Mac® Small Balance Loan (SBL) Program – Streamlined financing solutions up to $6 million
- Loans Over $6 Million – Explore large-balance apartment loan programs in Florida
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Florida Apartment Building Financing
Select Commercial provides apartment building financing and Florida commercial mortgages throughout the state of Florida including but not limited to the areas below.