Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Lakewood, Colorado
Lakewood Apartment Loans in 2026
Select Commercial specializes in Lakewood apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.74% and up to 80% LTV. For properties elsewhere in the state, see our Colorado apartment loans; for loans over $6 million, see Lakewood multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Lakewood
Lakewood apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Colorado apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Lakewood 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 | 5.76% | Up to 75% |
| 7 Year Fixed | 5.74% | Up to 75% |
| 10 Year Fixed | 5.76% | 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 16, 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 Lakewood Apartment Loan Programs
As a broker, we compare every program to find your best-fit Lakewood apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.16% | 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% | 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 Lakewood multifamily loans.
2026 Lakewood Apartment Loan Market: Denver Metro Apartment Market Tilts Firmly Toward Renters as New Supply Surges
Lakewood sits within the seven county Denver metro, where a historic wave of new apartment construction has pushed vacancy to its highest level in more than a decade and put steady downward pressure on rents. Renters across the metro are seeing softer pricing and generous concessions, while owners and developers navigate a market that has moved from tight to well supplied. Conditions are expected to favor renters for at least another year as the market works through excess inventory.
Employment
Employment across the Denver metro was essentially flat over the year, with total nonfarm payrolls near 1.62 million in January 2026 and a small decline of roughly 0.1 percent from a year earlier. The area unemployment rate stood at about 4.9 percent, with slower job and population growth weighing on housing demand.
Construction and supply
Developers completed 14,439 apartments across the metro in 2025 and have built roughly 125,000 units over the past decade, about a third of the region's existing base of nearly 450,000 apartments. Around 50,000 additional units remain in the pipeline, though a portion may stall as financing and regulatory pressures slow future starts.
Vacancy
The metro apartment vacancy rate reached 7.6 percent at the end of 2025, the highest level in 16 years, with more than 34,000 units sitting empty as new supply outpaced absorption.
Rent trend
The average metro apartment rent fell to about 1,754 dollars a month in the fourth quarter of 2025, down 4.8 percent year over year, and landlord concessions climbed to a record 9.5 percent of gross rent, equal to roughly four to five weeks of free rent.
2026 Lakewood forecast at a glance:
- Vacancy should stay elevated in the near term as recently completed projects continue leasing up
- Rents and concessions are likely to keep favoring renters for at least another year
- A shrinking construction pipeline could tighten supply and firm up rents further out
- Job and population growth will be key swing factors for how quickly demand catches up
Lakewood Multifamily Loans (Over $6 Million)
For larger Lakewood 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 Lakewood 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.
Lakewood Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Lakewood 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 Lakewood
As a full-service commercial mortgage broker, we arrange Lakewood financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Lakewood Neighborhoods We Serve
Select Commercial provides apartment loans throughout Lakewood, Colorado and the surrounding area, including:
- Belmar
- Green Mountain
- Eiber
- Morse Park
- Two Creeks
- Union Square
- Glennon Heights
- Rooney Valley
- Federal Center
- Addenbrooke
- Creighton
- Bear Creek
- Foothills
- Lochwood
- Villa Marina
- Solterra
For other cities in the state, see Colorado 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 Lakewood Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Lakewood 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