Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Fresno, California
Fresno Apartment Loans in 2026
Select Commercial specializes in Fresno apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.74%-6.84% and up to 80% LTV. For properties elsewhere in the state, see our California apartment loans; for loans over $6 million, see Fresno multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Fresno
Fresno apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See California apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Fresno 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 | 5.70% | Up to 75% |
| 7 Year Fixed | 5.76% | Up to 75% |
| 10 Year Fixed | 5.72% | 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 11, 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 Fresno Apartment Loan Programs
As a broker, we compare every program to find your best-fit Fresno 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 Fresno multifamily loans.
2026 Fresno Apartment Loan Market: Fresno Apartment Market Stays Tight as New Supply Stays Limited
Fresno remains one of California's most affordable and supply constrained apartment markets, with a low vacancy rate and only a small volume of new units underway. Steady job gains in health care and education continue to support rental demand across the metro. With construction slowed by high building costs, existing apartment communities benefit from limited new competition.
Employment
Between May 2025 and May 2026 the Fresno metro added roughly 8,300 total jobs, a gain of about 1.6 percent, with nonfarm employment up about 9,100 jobs or 2.0 percent, led by health care, social assistance, and education. The metro unemployment rate was 7.4 percent in May 2026.
Construction and supply
New apartment construction has slowed sharply, with only about 96 units underway as of late 2025 as high development costs and modest rent growth discourage new projects. The market absorbed roughly 350 units over the prior year, keeping supply and demand in balance.
Vacancy
The apartment vacancy rate sat at about 4.6 percent as of the fourth quarter of 2025, reflecting a tight market with steady demand and very little new inventory.
Rent trend
Average asking rents were around 1,480 dollars per unit as of the fourth quarter of 2025, keeping Fresno among the most affordable rental markets in California, with rent growth of roughly 2 percent year over year.
2026 Fresno forecast at a glance:
- Limited new construction should keep vacancy low and support steady occupancy
- Rent growth is likely to stay modest as affordability remains a market strength
- Continued job gains in health care and education should sustain rental demand
- High building costs may keep new supply constrained for the near term
Fresno Multifamily Loans (Over $6 Million)
For larger Fresno 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 Fresno 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.
Fresno Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Fresno 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 Fresno
As a full-service commercial mortgage broker, we arrange Fresno financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Fresno Neighborhoods We Serve
Select Commercial provides apartment loans throughout Fresno, California and the surrounding area, including:
- Tower District
- Woodward Park
- Fig Garden
- Old Fig Garden
- Sunnyside
- Bullard
- Hoover
- McLane
- Roosevelt
- Edison
- Fresno High-Roeding
- Downtown Fresno
- West Fresno
- Central
- Northwest Fresno
- Van Ness Extension
- Fresno Fairgrounds
For other cities in the state, see California apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Los Angeles · San Jose · Sacramento · Lancaster · Stockton · Long Beach · Oakland · Pasadena · Riverside · San Bernardino · San Diego · San Francisco · Concord · All California · 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 Fresno Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Fresno 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