Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Milwaukee, Wisconsin
Milwaukee Apartment Loans in 2026
Select Commercial specializes in Milwaukee 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 Wisconsin apartment loans; for loans over $6 million, see Milwaukee multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Milwaukee
Milwaukee apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Wisconsin apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Milwaukee 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 Milwaukee 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 Milwaukee Apartment Loan Programs
As a broker, we compare every program to find your best-fit Milwaukee 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 Milwaukee multifamily loans.
2026 Milwaukee Apartment Loan Market: Healthy Fundamentals Renew Investor Confidence
Plummeting new supply and steady renter demand are strengthening Milwaukee's multifamily fundamentals, even as employment and population headwinds persist. Elevated home prices continue to expand the renter pool for attainable Class B and C apartments.
Employment
The loss of 8,000 jobs in 2026 will rank as the third largest among major U.S. metros, leaving total employment roughly 1,200 positions below 2024's level.
Construction and supply
Deliveries this year will fall to their lowest level since 2013, down almost 3,000 units from last year's record addition, with the CBD set to record an 85 percent drop in completions.
Vacancy
As a result of plummeting new supply and steady renter demand, vacancy will edge down to 3.6 percent, 20 basis points below the metro's prior decade-long average.
Rent trend
The average effective rent will rise only to $1,692 per month as Milwaukee's year-over-year rent growth slows to its lowest level since 2020.
2026 Milwaukee forecast at a glance:
- The metro sheds 8,000 jobs, among the largest losses nationally.
- Deliveries drop to the lowest level since 2013, with the CBD off 85 percent.
- Vacancy edges down to 3.6 percent, below the prior decade average.
- Average effective rent rises to $1,692 per month.
Milwaukee Multifamily Loans (Over $6 Million)
For larger Milwaukee 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 Milwaukee 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.
Milwaukee Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Milwaukee 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 Milwaukee
As a full-service commercial mortgage broker, we arrange Milwaukee financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Milwaukee Neighborhoods We Serve
Select Commercial provides apartment loans throughout Milwaukee, Wisconsin and the surrounding area, including:
- Historic Third Ward
- Bay View
- Riverwest
- Walker's Point
- East Side
- Brady Street
- Bronzeville
- Washington Heights
- Wauwatosa
- Shorewood
- Brewers Hill
- Menomonee Valley
- Downtown
- Concordia
- Story Hill
- Sherman Park
For other cities in the state, see Wisconsin 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 Milwaukee Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Milwaukee 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