Louisiana Apartment Loan Rates
| LA Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.70% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.74% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.80% | Up to 80% | |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization will be determined by underwriting.
Want a personalized quote? Click here to request a customized loan quote for your Louisiana apartment property.
Need a multifamily loan over $6 million? Visit our Louisiana multifamily loan page. For other commercial property types, explore our Louisiana commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Louisiana Apartment Loan Market Overview
Entering 2026, Louisiana presents a stable, income-focused apartment market shaped by steady employment bases, moderate population trends, and relatively affordable housing compared to national averages. For borrowers evaluating apartment loans, the state offers consistent renter demand anchored by major metros such as New Orleans and Baton Rouge. While growth is more measured than in high-migration markets, this environment supports apartment building financing centered on durable occupancy and predictable cash flow.
Development activity across Louisiana has remained controlled, with new supply generally aligning with demand. This has helped maintain balanced vacancy across primary markets, even as rent growth remains modest. For apartment lenders, Louisiana provides a market where underwriting focuses on income stability, tenant retention, and long-term performance rather than rapid lease-up or aggressive rent increases.
New Orleans Anchors Louisiana Apartment Loans
New Orleans remains the primary driver of apartment activity across Louisiana. In 2026, the metro is projected to add approximately 6,000 jobs, deliver roughly 2,200 units, maintain vacancy near 6.2%, and reach average effective rent around $1,350 per month. For borrowers seeking an apartment building loan, New Orleans offers a combination of tourism-driven demand, a diverse employment base, and established rental submarkets.
Baton Rouge Supports Government and Education Demand
Baton Rouge provides a strong secondary apartment market supported by government, education, and healthcare sectors. The city has a population of approximately 225,000, median household income near $58,000, median rent around $1,200, and median home value near $250,000. These fundamentals support steady renter demand and stable performance for apartment assets.
Shreveport Adds Workforce Housing Stability
Shreveport contributes a smaller but consistent apartment market within Louisiana. The city has a population of approximately 185,000, median household income near $50,000, median rent around $1,050, and median home value near $180,000. This supports ongoing demand for workforce housing and income-oriented apartment investments.
Rent Levels Reflect Affordability and Stability
Louisiana continues to offer an affordable rent profile relative to national averages. New Orleans is projected near $1,350 per month, while Baton Rouge and Shreveport fall into slightly lower pricing tiers. This allows borrowers to structure apartment loans across a range of strategies focused on affordability, tenant retention, and consistent occupancy.
2026 Louisiana Apartment Loan Market Forecast
- Employment: New Orleans is projected to add approximately 6,000 jobs.
- Construction: New Orleans is projected to deliver roughly 2,200 units.
- Vacancy: Vacancy is projected near 6.2%.
- Rent: Average effective rent is projected near $1,350 per month.
For investors comparing apartment loans in Louisiana, 2026 reflects a market centered on stability and income performance. New Orleans provides the primary scale and liquidity, while secondary markets such as Baton Rouge and Shreveport offer complementary opportunities in workforce housing and steady rental demand.
2026 New Orleans Louisiana Apartment Loan Market Overview
New Orleans is Louisiana's largest city and the core driver of apartment loans in Louisiana, anchoring the state's most active rental investment market. The city has a population of approximately 352,364 residents as of 2026 with a median household income of approximately $56,631 and a median property value of approximately $296,400, approximately 21% above the national median. There are approximately 76,684 renter-occupied households in New Orleans, representing approximately 49% of all occupied housing units. Current data points to an average apartment rent of approximately $1,416 per month as of February 21, 2026, and the New Orleans-Metairie metro vacancy rate of approximately 9.1% as of 2024, reflecting a market that has shifted meaningfully toward tenants from a pricing base that remains materially higher than pre-2005 levels. Despite near-term softening, rents remain above their historic norms and the city's irreplaceable cultural, tourism, and healthcare employment anchors continue to support consistent demand for Louisiana apartment loans.
New Orleans Louisiana Apartment Loan Rates and Financing in 2026
Financing conditions for Louisiana apartment loans remain active in New Orleans in 2026, with lenders underwriting carefully in light of the elevated vacancy environment and property-specific considerations including flood insurance, deferred maintenance, and mixed-use exposure. The median property value of approximately $296,400 as of 2023 reflects a city where appreciation has been strong post-Katrina but where homeownership costs still channel approximately 49% of households into the rental market. The HUD 2025 Median Family Income for New Orleans is approximately $89,800, providing a clearer picture of regional income capacity than the citywide median. For borrowers seeking an apartment building loan in New Orleans, underwriting emphasis falls on stabilized occupancy, expense discipline including insurance costs, and the property's specific exposure to the broader Louisiana apartment building financing regulatory and climate risk environment.
Trends in the New Orleans Louisiana Apartment Market
New Orleans' rental market benefits from tourism and hospitality employment anchored by the city's status as one of the top visitor destinations in the country, healthcare employment through Ochsner Health System and LCMC Health, port and logistics employment through the Port of New Orleans, and a growing university sector led by Tulane University, Loyola University, and the University of New Orleans, which collectively awarded approximately 9,152 degrees in 2023. The city is experiencing a near-term period of elevated vacancy following a wave of new supply, with the New Orleans-Metairie metro vacancy rising to approximately 9.1% in 2024, up approximately 10.6% year-over-year. However, rents remain approximately 4% above the national average on a median gross rent basis, reflecting the durable pricing floor established by the city's tourism and cultural premium. Renters in the 25 to 34 age group make up the largest share at 26%, and approximately 35% of New Orleans renters hold bachelor's degrees or higher. These fundamentals continue to attract Louisiana apartment lenders evaluating the state's primary market.
New Orleans Louisiana Apartment Loan Rent Levels in 2026
As of February 21, 2026, the average apartment rent in New Orleans is approximately $1,416 per month, down 1.59% from $1,439 the prior year. By unit type: studios average approximately $1,267/month, one-bedrooms average approximately $1,259/month, two-bedrooms average approximately $1,513/month, and three-bedrooms average approximately $1,772/month. Approximately 36% of all New Orleans rentals are priced between $1,001 and $1,500 per month. The French Quarter commands the highest rents in the city at approximately $2,295/month for one-bedroom units, and the Warehouse District and Bywater neighborhoods average approximately $2,000 to $2,006/month. For borrowers seeking apartment loans in Louisiana, New Orleans' pricing base remains well above its pre-2005 level and supports underwriting on stabilized assets where occupancy is consistent.
New Orleans Louisiana Apartment Loan Supply and Demand in 2026
New Orleans is working through an elevated vacancy period, with the metro vacancy rate at approximately 9.1% as of 2024, up from prior-year lows, as new supply has outpaced near-term absorption during the city's ongoing population decline of approximately 1.45% annually. Approximately 28% of New Orleans' rental stock was built before 1939, and the median construction year for all housing is approximately 1960, reflecting one of the oldest housing inventories among major Southern cities and a deep inventory of double-shotgun cottages, historic Creole townhouses, and pre-war apartment buildings. Two-bedroom units make up the largest share of rental inventory at approximately 39% of all units. For borrowers pursuing apartment building financing in Louisiana, the near-term vacancy environment requires conservative underwriting on lease-up assumptions, while well-located stabilized assets in established demand nodes continue to perform.
Opportunities for Apartment Investment in New Orleans Louisiana
Investors pursuing a Louisiana apartment loan in New Orleans in 2026 are focused on long-term income stability, well-located stabilized assets near major healthcare, university, and tourism employment corridors, and value-add acquisitions in the city's large pre-war and mid-century vintage rental stock. The near-term vacancy softening creates acquisition opportunities at more favorable pricing than the tight post-pandemic market allowed, particularly for investors with a long-term hold orientation and familiarity with the city's unique operating environment, including insurance costs and flood zone considerations. For Louisiana apartment lenders evaluating the state's primary market, New Orleans offers cultural and economic irreplaceability, a proven long-term rental demand base, and a pricing floor materially above historic levels that supports durable performance for apartment building loans on well-selected assets throughout the metro.
2026 Baton Rouge Louisiana Apartment Loan Market Overview
Baton Rouge is Louisiana's capital and second-largest city, serving as an important supporting market for apartment loans in Louisiana anchored by government, education, petrochemical, and healthcare employment. The city has a population of approximately 218,223 residents as of 2026, with the broader Baton Rouge metro reaching approximately 871,379 people and a metro median household income of approximately $68,910. There are approximately 46,533 renter-occupied households in Baton Rouge, representing 53% of all occupied housing units. Current data points to an average apartment rent of approximately $1,248 per month as of January 17, 2026, up 1.66% year-over-year, and a Baton Rouge metro vacancy rate of approximately 7.3% as of 2024, reflecting a market working through elevated supply but with durable institutional renter demand from Louisiana State University, Southern University, and the state government complex. These characteristics continue to support consistent activity in Louisiana apartment loans across the Baton Rouge corridor.
Baton Rouge Louisiana Apartment Loan Rates and Financing in 2026
Financing conditions for Louisiana apartment loans remain active in Baton Rouge in 2026, with lenders favoring stabilized assets with consistent rent performance, demonstrated occupancy, and locations proximate to the city's institutional employment anchors. The median property value in the city is approximately $224,500 and approximately $241,100 at the metro level as of 2024, reflecting a market where homeownership remains accessible but renter demand stays structurally elevated due to the large student and young professional population. The median monthly rent of approximately $1,044 is approximately 10% below the national average, supporting favorable initial yields on stabilized assets. For borrowers seeking an apartment building loan in Baton Rouge, the city's institutional employment base, young renter demographic, and low cost structure provide a practical underwriting foundation within the broader Louisiana apartment building financing landscape.
Trends in the Baton Rouge Louisiana Apartment Market
Baton Rouge's rental market benefits from four durable demand pillars: Louisiana State University, which awarded approximately 7,461 degrees in 2023 and generates persistent student and young professional renter demand; Southern University and A&M College, which awarded approximately 1,274 degrees; the state government complex, which anchors stable public sector employment; and a major petrochemical and industrial corridor along the Mississippi River. The city's median age of approximately 31.5 years is among the youngest of any Louisiana city, reflecting the outsized university and young worker population that creates a consistently replenishing renter base. Renters in the 25 to 34 age group make up the largest share at 25%, followed by the 15 to 24 age group at 20%, reflecting the dominant student renter influence. The metro median household income grew approximately 1.37% year-over-year to approximately $68,910 in 2023. These fundamentals continue to attract Louisiana apartment lenders evaluating university-anchored secondary markets in the state.
Baton Rouge Louisiana Apartment Loan Rent Levels in 2026
As of January 17, 2026, the average apartment rent in Baton Rouge is approximately $1,248 per month, up 1.66% from $1,228 the prior year. The median monthly rent is approximately $1,044, approximately 10% below the national average. By unit type: studios average approximately $909/month, one-bedrooms average approximately $1,019/month, two-bedrooms average approximately $1,197/month, and three-bedrooms average approximately $1,565/month. Approximately 41% of all Baton Rouge rentals are priced below $1,000 per month, reflecting the city's large student and workforce-oriented rental base. The College Town neighborhood commands the highest rents at approximately $2,163/month for one-bedrooms, and the Beauregard Town neighborhood averages approximately $1,679/month. These rent levels support consistent underwriting for apartment loans in Louisiana where low acquisition costs and institutional employment anchor stable occupancy.
Baton Rouge Louisiana Apartment Loan Supply and Demand in 2026
Baton Rouge carries a moderate vacancy environment with the metro vacancy rate at approximately 7.3% as of 2024, up approximately 10.6% year-over-year, reflecting a market absorbing new supply against a backdrop of modest population decline at the city level. Approximately 51% of Baton Rouge's rental stock was built between 1960 and 1989, with the 1970s vintage representing the largest cohort at 20% of all units, creating a substantial inventory of value-add repositioning candidates. Two-bedroom units make up the largest share of rental inventory at approximately 39% of all units. For borrowers pursuing apartment building financing in Louisiana, Baton Rouge's institutional employment anchors and consistently young, university-driven renter base support stable occupancy on well-located assets even as the broader market works through the current vacancy cycle.
Opportunities for Apartment Investment in Baton Rouge Louisiana
Investors pursuing a Louisiana apartment loan in Baton Rouge in 2026 are focused on stable income-producing properties near LSU, Southern University, and the state government campus corridor, value-add acquisitions in the city's large 1960s through 1980s vintage rental stock, and long-term holds where the city's university-anchored renter base provides consistent demand across economic cycles. Near-term vacancy softening creates acquisition opportunities at more favorable pricing relative to the tight post-pandemic market, particularly for investors with institutional knowledge of Baton Rouge's seasonal leasing patterns tied to the academic calendar. For Louisiana apartment lenders evaluating the state's capital market, Baton Rouge offers a distinct university and government demand profile, low acquisition costs, and consistent long-term income stability that supports solid performance for apartment building loans throughout the metro.
2026 Shreveport Louisiana Apartment Loan Market Overview
Shreveport is Louisiana's third-largest city and a stable workforce housing market for apartment loans in Louisiana, anchored by healthcare, retail, education, and military employment from Barksdale Air Force Base in adjacent Bossier City. The city has a population of approximately 171,469 residents as of 2026, with a median household income of approximately $48,699 and a median property value of approximately $178,900 as of 2024. There are approximately 34,814 renter-occupied households in Shreveport, representing 46% of all occupied housing units. Current data points to an average apartment rent of approximately $1,061 per month as of March 23, 2026, and a rental vacancy rate of approximately 8%, with approximately 1.09 rental units per renter household, reflecting a market with modest available inventory relative to active demand. Shreveport's very low acquisition cost basis and workforce-driven renter demand continue to support consistent activity in Louisiana apartment loans across the metro.
Shreveport Louisiana Apartment Loan Rates and Financing in 2026
For borrowers seeking an apartment building loan in Shreveport, the market supports financing across workforce housing, smaller apartment communities, and stabilized properties anchored by healthcare, military, and retail employment. The median property value of approximately $178,900 as of 2024 is approximately 27% below the national median, creating a very low per-unit acquisition cost environment that supports favorable initial yields on stabilized assets. The HUD Fair Market Rent for the Shreveport market ranges from approximately $870 to $1,552 depending on unit size, providing a clear practical underwriting reference. For borrowers evaluating Louisiana apartment building financing, Shreveport's extremely low entry costs, housing in the city that is approximately 15% less expensive than the national average, and military-anchored employment provide an income-focused underwriting profile.
Trends in the Shreveport Louisiana Apartment Market
Shreveport's rental market benefits from three durable demand pillars: healthcare and social assistance at approximately 14,616 workers, the largest employment sector in the city; retail trade at approximately 9,373 workers; and educational services at approximately 7,945 workers, anchored by Louisiana State University Shreveport, which awarded approximately 3,598 degrees in 2023, and LSU Health Sciences Center-Shreveport. Barksdale Air Force Base in neighboring Bossier City adds a significant military and contractor workforce that generates consistent renter demand on both sides of the Red River. Renters in the 25 to 34 age group make up the largest share of the renter pool at 27%, and approximately 45% of all Shreveport rentals are family households, with 30% including children under 18, supporting longer average tenancies and consistent renewal rates. These characteristics continue to attract Louisiana apartment lenders evaluating affordable secondary market opportunities in the state.
Shreveport Louisiana Apartment Loan Rent Levels in 2026
As of March 23, 2026, the average apartment rent in Shreveport is approximately $1,061 per month. By unit type: studios average approximately $893/month, one-bedrooms average approximately $932/month, two-bedrooms average approximately $1,118/month, and three-bedrooms average approximately $1,495/month. Approximately 55% of all Shreveport rentals are priced below $1,000 per month, reflecting a predominantly workforce-oriented rental base. The Westwood neighborhood commands the highest rents in the city at approximately $3,204/month for one-bedrooms, and the Shreve Island submarket averages approximately $1,675/month. The Shreveport market is approximately 49% below the national average on an all-property-type median basis, making it one of the most accessible markets for investors evaluating apartment loans in Louisiana on an initial yield basis.
Shreveport Louisiana Apartment Loan Supply and Demand in 2026
Shreveport carries a moderate vacancy environment with the rental vacancy rate at approximately 8% and approximately 1.09 rental units per renter household, reflecting a market with manageable but not acute oversupply. Louisiana statewide rental vacancy reached approximately 9.4% in 2024, and Shreveport's local rate sits below that statewide figure, indicating relative demand strength within the broader Louisiana market. Approximately 55% of Shreveport's rental stock was built between 1960 and 1989, with the 1970s vintage representing the largest cohort at 21% of all units, creating a large inventory of value-add repositioning candidates. Two-bedroom units make up the largest share of rental inventory at approximately 38% of all units. For borrowers pursuing apartment building financing in Louisiana, Shreveport's low acquisition costs and military-supported demand base provide a stable income profile on well-located stabilized assets.
Opportunities for Apartment Investment in Shreveport Louisiana
Investors pursuing a Louisiana apartment loan in Shreveport in 2026 are focused on consistent cash flow from workforce housing assets near major healthcare and military employment corridors, value-add acquisitions in the city's large pre-1980 vintage rental stock, and long-term holds where Shreveport's extremely low acquisition costs support above-average initial yields relative to most comparable Southern secondary markets. The city's average commute time of approximately 19 minutes, among the shortest in Louisiana, reinforces quality-of-life appeal for workforce renters. For Louisiana apartment lenders evaluating tertiary markets in the state, Shreveport offers a distinct military and healthcare demand profile, very low acquisition costs, and consistent income stability that supports long-term performance for apartment building loans throughout the metro.
Why Choose Select Commercial for Apartment Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons apartment building investors choose to work with us for Louisiana apartment loans between $1.5 million and $6 million. We also actively finance multifamily loans exceeding $6 million.
Here’s what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of apartment lenders, not just one bank
- Loan structures tailored to your property and investment goals
Apartment Property Types We Finance in Louisiana
At Select Commercial, we arrange financing for a wide range of Louisiana apartment buildings, from smaller 5+ unit walkups to large portfolios of rental properties. Whether your property is urban, suburban, or mixed-use, we can help you secure the right loan structure based on your investment goals.
- Urban mid-rise and high-rise apartment buildings
- Suburban garden-style apartment complexes
- Small apartment buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op apartment building loans
- Portfolios of small apartment or single-family rental properties
- Stabilized buildings with strong cash flow and rent history
If you're not sure whether your property qualifies, contact us for a free quote and we'll review your deal and let you know within 24 hours.
Recent Apartment Loan Closings
Why Louisiana Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Louisiana apartment loan market. We're not just brokers, we provide personalized service, fast answers, and access to top institutional lenders without the bureaucracy of traditional banks.
- Over 30 years of apartment loan experience with a national platform
- No upfront fees and fast pre-approvals, often within 24 hours
- Direct access to top lenders offering aggressive terms
- Dedicated support from quote to closing
Want to see why so many clients return to us for their next deal? Start with a free quote – we'll review your scenario and respond quickly.
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of multifamily financing. His insights and perspectives are regularly sought by leading industry publications. Here are his latest contributions that highlight his deep understanding of the multifamily financing landscape and his commitment to providing clear, insightful analysis on key industry issues.
Navigating Opportunity, Risk as 2025 Winds Down
In an article for Commercial Property Executive titled "Navigating Opportunity, Risk as 2025 Winds Down", Sobin explains as we head into the final stretch of 2025, the commercial real estate industry stands at a pivotal moment. After several years of upheaval—from pandemic disruptions to aggressive Federal Reserve rate hikes and lasting shifts in how people live and work—the sector is entering a new phase.
Why Lower Rates Haven't Fixed Commercial Real Estate
In an article for Wealth Management titled "Why Lower Rates Haven't Fixed Commercial Real Estate", Sobin explains that even as the Federal Reserve has begun cutting rates and borrowing costs should be falling, the commercial real estate sector remains locked in a frustrating stalemate. For high-net-worth investors trying to time the market, he emphasizes that understanding this disconnect requires looking beyond the headlines.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Apartment
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that while inflation is still a challenge for the Federal Reserve, there are many positive signs for the commercial real estate industry. The headline Consumer Price Index rose 3.2 percent for the year ended Feb. 29, a figure 20 basis points lower than the Dec. 31, 2023, rate. read the full article.
Commercial Spotlight: Mid-Atlantic Region In this four-state powerhouse, smaller metros are thriving.
In a feature in Scotsman Guide, the Mid-Atlantic Region's real estate dynamics are explored, highlighting its resilience and growth amidst the pandemic.
Stephen Sobin of Select Commercial Funding LLC shared insights on the New York market's allure and the challenges buyers face. He noted the shift from primary urban areas to tertiary markets due to evolving preferences and financial conditions. For a deeper dive into Sobin's analysis, read the full article.
What the New Jobs Report Means for CRE
In an article titled "What the New Jobs Report Means for CRE" in Commercial Property Executive, Stephen Sobin shared his perspective on the latest jobs report and its implications for the Commercial Real Estate (CRE) sector. He highlighted the challenges posed by high interest rates and the prevailing uncertainty in the market. Sobin remarked, "Sellers aren’t selling, buyers aren’t buying... Everyone is waiting because no one knows what to expect." For a detailed analysis and more of Sobin's insights, read the full article.
Decoding "Junk Fees" in Rental Housing
In another latest contribution to Multi-Housing News, Sobin provided expert commentary in an article titled "What's Next for Junk Fees? The Industry Weighs In". He clarified the difference between legitimate fees collected for various third-party services and so-called "junk fees". Sobin emphasized the importance of borrowers understanding their rights in negotiating all loan terms and the obligation of lenders to disclose all fees.
Understanding the Impact of Federal Reserve's Decisions
In a recent article titled "How the Fed's Pause on Interest Rates Impacts Multifamily" published by Multi-Housing News, Sobin shared his expert insights on the Federal Reserve's decision to pause interest rate hikes. He accurately predicted that the Fed would not raise rates in June, citing recent bank failures and lingering concerns about a potential recession.
Stay tuned for more expert insights from Stephen A. Sobin on the evolving multifamily financing landscape.
Frequently Asked Questions About Louisiana Apartment Loans
Louisiana apartment loan rates vary depending on several factors such as loan-to-value ratio (LTV), property type, borrower experience, and market conditions. As of 2025, rates remain elevated due to ongoing inflation concerns, but borrowers with strong credit and high-quality assets can still find competitive pricing. Check our latest apartment loan rates for current updates.
Most lenders require a DSCR of at least 1.25, good borrower credit, net worth, liquidity, and experience. Loan-to-value ratios in 2025 typically range from 65% to 80%, due to elevated interest rates. Properties with strong occupancy and clean financials stand a better chance of qualifying.
Most lenders require 20% to 25% down for apartment loans in Louisiana. Your loan-to-value ratio will be subject to the property's debt service coverage ratio.
A qualified broker like Select Commercial can present your loan to many different capital sources, including banks, credit unions, CMBS, agency lenders, and private funds. This increases the odds of approval and helps you secure the most favorable terms available.
The process starts with gathering financials like a rent roll, trailing 12-month income and expense statement, borrower resume, and net worth statement. A mortgage broker will analyze your documents and match you with the best lending program. Start with a Free Quote today.
Absolutely. While this page focuses on apartment loans under $6 million, Select Commercial also arranges smaller balance loans for qualified borrowers. Visit our multifamily loan page for options over $6 million.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency small balance loan programs in addition to bank and private capital options. Featured programs include:
- Fannie Mae® Small Loan Program – For apartment properties with 5+ units and loan sizes from $1 million to $6 million
- Freddie Mac® Small Balance Loan (SBL) Program – Streamlined financing solutions up to $6 million
- Loans Over $6 Million – Explore large-balance apartment loan programs in Louisiana
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Louisiana Apartment Building Financing
Select Commercial provides apartment building financing and Louisiana commercial mortgages throughout the state of Louisiana including but not limited to the areas below.