Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Long Beach, California
Long Beach Apartment Loans in 2026
Select Commercial specializes in Long Beach 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 California apartment loans; for loans over $6 million, see Long Beach multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Long Beach
Long Beach 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.
Long Beach 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 14, 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 Long Beach Apartment Loan Programs
As a broker, we compare every program to find your best-fit Long Beach 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 Long Beach multifamily loans.
2026 Long Beach Apartment Loan Market: Steadfast Rental Demand Amid a Shrinking Supply Pipeline
Long Beach sits within the greater Los Angeles market, where rental demand is proving resilient despite broader headwinds. Limited new construction and longstanding barriers to homeownership keep the metro in a low-vacancy state.
Employment
Aided by healthcare hiring, the Los Angeles metro registers a second straight year of modest job creation, adding 6,000 positions in 2026.
Construction and supply
For the fifth consecutive year, local apartment inventory expands by less than 1 percent, with roughly 6,200 units slated for delivery, the lowest total since 2015.
Vacancy
Supply and demand remain aligned, with vacancy dipping slightly to 4.3 percent, on par with the market's long-term average.
Rent trend
Four-year-low vacancy supports moderate rent growth, with the average effective rate ending the year at $2,950 per month, up 1.7 percent.
2026 Long Beach forecast at a glance:
- The metro adds 6,000 jobs, a second straight year of modest gains.
- About 6,200 units deliver, the lowest total since 2015.
- Vacancy dips to 4.3 percent, on par with the long-term average.
- Average effective rent reaches $2,950 per month, up 1.7 percent.
Long Beach Multifamily Loans (Over $6 Million)
For larger Long Beach 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 Long Beach 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.
Long Beach Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Long Beach 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 Long Beach
As a full-service commercial mortgage broker, we arrange Long Beach financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Long Beach Neighborhoods We Serve
Select Commercial provides apartment loans throughout Long Beach, California and the surrounding area, including:
- Belmont Shore
- Naples
- Bixby Knolls
- Downtown Long Beach
- East Village Arts District
- Alamitos Beach
- Belmont Heights
- California Heights
- Rose Park
- Los Cerritos
- Wrigley
- Bluff Park
- Carroll Park
- Zaferia
- Peninsula
- University Park
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 · Lancaster · Stockton · 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 Long Beach Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Long Beach 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