Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Jersey City, New Jersey
Jersey City Apartment Loans in 2026
Select Commercial specializes in Jersey City apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 6.07% and up to 80% LTV. For properties elsewhere in the state, see our New Jersey apartment loans; for loans over $6 million, see Jersey City multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Jersey City
Jersey City apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See New Jersey apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Jersey City Apartment Loan Rates (Under $6 Million)
| Loan Type | Rate* | Max LTV |
|---|---|---|
| Apartment 5 Year Fixed | 6.11% | Up to 80% |
| Apartment 7 Year Fixed | 6.09% | Up to 80% |
| Apartment 10 Year Fixed | 6.07% | Up to 80% |
- Rates as low as 6.07% on Jersey City 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 2026. They apply to typical apartment loans under $6 million; your rate, LTV and amortization are set by underwriting.
Compare Jersey City Apartment Loan Programs
As a broker, we compare every program to find your best-fit Jersey City apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.07% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.09% | Up to 80% | $1M to $7.5M small balance |
| FHA / HUD | 6.11% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.77% | 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 Jersey City multifamily loans.
2026 Jersey City Apartment Loan Market: Jersey City Apartment Boom Adds Thousands of New Units
Jersey City is one of the most active apartment development markets in the greater New York region, with more than 10,000 units under construction across its Journal Square and Waterfront districts. This wave of new supply has cooled rents from their recent peaks and pushed vacancy higher across northern New Jersey. Employment growth remains steady across the broader New York and northern New Jersey metro area that includes Jersey City.
Employment
Jersey City is part of the New York, Newark, Jersey City metro area, where total nonfarm employment rose by about 95,300 jobs over the year as of May 2025, a gain of roughly 1.0 percent, led by professional and business services, health care, and education. These figures are metro level rather than city specific.
Construction and supply
More than 10,000 apartments are under construction across Jersey City's Journal Square and Waterfront districts, making it one of the nation's most active development hubs. The Waterfront alone has more than 6,600 units in the pipeline, about a 28 percent increase over existing inventory.
Vacancy
Vacancy has risen as new supply comes online, with Class A vacancy across northern New Jersey climbing to about 10.7 percent, signaling a more tenant friendly market than in recent years.
Rent trend
Average apartment rents have cooled from their 2025 highs, with the average rent around 3,700 dollars and roughly flat to slightly lower year over year as thousands of new units compete for tenants.
2026 Jersey City forecast at a glance:
- A large construction pipeline should keep new supply high through the near term
- Elevated deliveries are likely to keep rents soft and vacancy elevated
- Steady metro job growth should continue to support long term rental demand
- Concessions and incentives may become more common as new buildings lease up
Jersey City Multifamily Loans (Over $6 Million)
For larger Jersey City 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 Jersey City 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.
Jersey City Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Jersey City 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 Jersey City
As a full-service commercial mortgage broker, we arrange Jersey City financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Jersey City Neighborhoods We Serve
Select Commercial provides apartment loans throughout Jersey City, New Jersey and the surrounding area, including:
- Downtown
- Exchange Place
- Paulus Hook
- Hamilton Park
- Van Vorst Park
- Historic Downtown
- Newport
- Journal Square
- The Heights
- Bergen-Lafayette
- Greenville
- West Side
- McGinley Square
- India Square
- Liberty Harbor North
- Lincoln Park
- Communipaw
For other cities in the state, see New Jersey 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 Jersey City Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Jersey City 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