Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Kansas City, Missouri
Kansas City Apartment Loans in 2026
Select Commercial specializes in Kansas City apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.68% and up to 80% LTV. For properties elsewhere in the state, see our Missouri apartment loans; for loans over $6 million, see Kansas City multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Kansas City
Kansas City apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Missouri apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Kansas City Apartment Loan Rates
Rates updated as of August 23, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.08% | Up to 80% |
| 7 Year Fixed | 6.19% | Up to 80% |
| 10 Year Fixed | 6.28% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.68% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.88% | 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 23, 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 Kansas City Apartment Loan Programs
As a broker, we compare every program to find your best-fit Kansas City apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.08% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.15% | Up to 80% | $2M to $10M small balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.25% | 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 Kansas City multifamily loans.
2026 Kansas City Apartment Loan Market: Third Straight Year of Vacancy Decline Draws Investor Attention
Kansas City heads into 2026 with tightening vacancy and manufacturing and healthcare projects reinforcing a favorable multifamily outlook. Fewer units opening this year should aid operations across suburban submarkets.
Employment
After a workforce contraction last year, employers are expected to add 7,000 jobs in 2026, with manufacturing and health care benefiting most.
Construction and supply
Nearly half as many units will open this year as in 2025, marking the slowest inventory expansion since 2019, with roughly one-third of openings in central Kansas City.
Vacancy
The total decline in vacancy since 2023 will reach 200 basis points as the metrowide rate falls to 3.7 percent by December, 260 basis points under the long-term mean.
Rent trend
Vacancy compression supports rent growth that ranks tops among major Midwest markets, lifting the average effective rate to $1,450 per month.
2026 Kansas City forecast at a glance:
- Employers add 7,000 jobs, led by manufacturing and health care.
- Deliveries fall to about half of 2025's total, the slowest expansion since 2019.
- Vacancy falls to 3.7 percent, 260 basis points under the long-term mean.
- Average effective rent rises to $1,450 per month.
Kansas City Multifamily Loans (Over $6 Million)
For larger Kansas 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 Kansas 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.
Kansas City Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Kansas 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 Kansas City
As a full-service commercial mortgage broker, we arrange Kansas City financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Kansas City Neighborhoods We Serve
Select Commercial provides apartment loans throughout Kansas City, Missouri and the surrounding area, including:
- Country Club Plaza
- Westport
- River Market
- Crossroads Arts District
- Brookside
- Waldo
- Hyde Park
- Midtown
- Power and Light District
- Union Hill
- Columbus Park
- West Bottoms
- Northland
- Volker
- Ivanhoe
- Downtown
For other cities in the state, see Missouri 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 Kansas City Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Kansas 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