Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Los Angeles, California
Los Angeles Apartment Loans in 2026
Select Commercial specializes in Los Angeles 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 Los Angeles multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Los Angeles
Los Angeles 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.
Los Angeles 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 Los Angeles 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 8, 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 Los Angeles Apartment Loan Programs
As a broker, we compare every program to find your best-fit Los Angeles apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.16%-6.95% | 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%-6.50% | 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 Los Angeles multifamily loans.
2026 Los Angeles Apartment Loan Market: Rental Demand Holds Steady as Supply Stays Limited
Los Angeles is expected to stay in a low-vacancy posture in 2026, supported by limited new supply and long-standing barriers to homeownership. For Los Angeles investors comparing apartment building loans, the same fundamentals that shape a Los Angeles apartment loan still matter most: employment direction, the pace of deliveries, vacancy movement and rent performance.
Employment
Employment growth is projected to remain modest, with roughly 6,000 jobs added in 2026, supported in part by healthcare hiring. Steady job creation helps maintain the renter base that supports apartment building loans across Los Angeles.
Construction and supply
Apartment deliveries are expected to total about 6,200 units in 2026, the lowest annual level since 2015. For the fifth straight year, inventory growth is projected to stay below 1%, and deliveries within Los Angeles proper account for nearly half of the units added metrowide.
Vacancy
Vacancy is projected to dip slightly to about 4.3%, which is in line with the market's long-term average. With deliveries easing and demand holding up, operating conditions remain supportive for a stabilized Los Angeles apartment building loan.
Rent trend
Low vacancy and encouraging renewal activity are expected to support moderate rent growth. Average effective rent is projected to end the year near $2,950 per month, which helps support underwriting where cash flow stability is a priority.
2026 Los Angeles forecast at a glance:
- Employment: about 6,000 new jobs
- Construction: about 6,200 units, inventory growth below 1% for a fifth year
- Vacancy: around 4.3%, near the long-term average
- Rent: near $2,950 per month
Los Angeles Multifamily Loans (Over $6 Million)
For larger Los Angeles 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 Los Angeles 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.
Los Angeles Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Los Angeles 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 Los Angeles
As a full-service commercial mortgage broker, we arrange Los Angeles financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Los Angeles Neighborhoods We Serve
Select Commercial provides apartment loans throughout Los Angeles, California and the surrounding area, including:
- Los Feliz
- Westwood
- Playa Vista
- Beverly Crest
- Mar Vista
- Mid-City West
- Brentwood
- Silver Lake
- Pacific Palisades
- Rancho Park
- Mid-Wilshire
- Encino
- Venice Beach
- Echo Park
- Hollywood
- Elysian Park
- Glassell Park
- Granada Hills
- Northridge
For other cities in the state, see California apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
San Jose · Sacramento · Lancaster · 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 Los Angeles Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Los Angeles 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