Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Jacksonville, Florida
Jacksonville Apartment Loans in 2026
Select Commercial specializes in Jacksonville 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 Florida apartment loans; for loans over $6 million, see Jacksonville multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Jacksonville
Jacksonville apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Florida apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Jacksonville 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 Jacksonville 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 6, 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 Jacksonville Apartment Loan Programs
As a broker, we compare every program to find your best-fit Jacksonville 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 Jacksonville multifamily loans.
2026 Jacksonville Apartment Loan Market: Demographic Momentum Meets a Fast-Growing Supply Pipeline
Sustained population growth and corporate relocations continue to fuel apartment demand across Jacksonville. The metro is working through one of the nation's fastest inventory expansions, which is putting near-term pressure on vacancy and rent growth.
Employment
Jacksonville's employment base is projected to grow by 6,000 positions in 2026, a job growth rate of about 0.7 percent.
Construction and supply
Completions are projected to nearly match last year's pace, driving 2.3 percent inventory growth, the sixth-fastest pace among major U.S. markets in 2026.
Vacancy
The near-term delivery slate is expected to push vacancy up to 6.7 percent by year-end, ranking second highest among major U.S. rental markets.
Rent trend
Rising, though moderate, vacancy weighs on rent growth, with the year-end average effective rent projected at $1,485 per month.
2026 Jacksonville forecast at a glance:
- Employment grows by 6,000 jobs, up roughly 0.7 percent for 2026.
- Inventory expands 2.3 percent, the sixth-fastest pace among major U.S. markets.
- Vacancy climbs to 6.7 percent, second highest among major rental markets.
- Average effective rent reaches $1,485 per month by year-end.
Jacksonville Multifamily Loans (Over $6 Million)
For larger Jacksonville 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 Jacksonville 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.
Jacksonville Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Jacksonville 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 Jacksonville
As a full-service commercial mortgage broker, we arrange Jacksonville financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Jacksonville Neighborhoods We Serve
Select Commercial provides apartment loans throughout Jacksonville, Florida and the surrounding area, including:
- Riverside
- Avondale
- San Marco
- Springfield
- Murray Hill
- Ortega
- Mandarin
- Arlington
- Baymeadows
- Southside
- Downtown
- San Jose
- Argyle Forest
- Northside
- Fort Caroline
- Nocatee
For other cities in the state, see Florida apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Miami · Orlando · Tampa · Fort Lauderdale · All Florida · 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 Jacksonville Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Jacksonville 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