Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Lancaster, California
Lancaster Apartment Loans in 2026
Select Commercial specializes in Lancaster 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 California apartment loans; for loans over $6 million, see Lancaster multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Lancaster
Lancaster 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.
Lancaster 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 Lancaster 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. 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 Lancaster Apartment Loan Programs
As a broker, we compare every program to find your best-fit Lancaster 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 | 6.14% | Up to 80% | $1M to $7.5M small balance |
| FHA / HUD | 6.16% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.74% | 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 Lancaster multifamily loans.
2026 Lancaster Apartment Loan Market: Affordable Los Angeles area commuter market
Lancaster and the broader Antelope Valley remain a comparatively affordable Los Angeles area rental market, drawing commuters priced out of the LA basin.
Employment
Local employment centers on aerospace, healthcare, logistics, and public sector jobs, though metro specific job growth figures for the Antelope Valley are limited.
Construction and supply
New development includes a large mixed use project in Lancaster adding about 324 apartments and 96 townhomes.
Vacancy
Vacancy is running near 7.3 percent.
Rent trend
Average apartment rent is about $1,875 per month, down roughly 2 percent year over year.
2026 Lancaster forecast at a glance:
- Affordability draws LA area commuters
- New projects add to local supply
- Vacancy near 7 percent
- Rents ease modestly
Lancaster Multifamily Loans (Over $6 Million)
For larger Lancaster 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 Lancaster 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.
Lancaster Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Lancaster 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 Lancaster
As a full-service commercial mortgage broker, we arrange Lancaster financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Lancaster Neighborhoods We Serve
Select Commercial provides apartment loans throughout Lancaster, California and the surrounding area, including:
- Quartz Hill
- West Lancaster
- Rawson
- Lancaster City Ranch
- Antelope Acres
- Fox Field
- Sunnyside
- Whitney Ranch
- Amargosa Creek
- College Park
- Del Sur
- Roosevelt
- West Antelope Valley
- Lincoln
- Piute
- Redman
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 · Stockton · Long Beach · Oakland · Pasadena · Riverside · San Bernardino · San Diego · San Francisco · Concord · Fresno · 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 Lancaster Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Lancaster 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