Multifamily Loans & Multifamily Financing
Multifamily loans are mortgages for income-producing properties with five or more residential units, used to acquire, refinance, or reposition apartment communities. Select Commercial is a national multifamily lender arranging large-balance multifamily financing over $6 million, with rates as low as 5.57% (as of July 10th, 2026), up to 80% LTV, terms up to 30 years, and no upfront fees. As a commercial mortgage broker with 30+ years of experience, we place loans through Fannie Mae, Freddie Mac, banks, life companies, and CMBS, and we also finance smaller apartment loans under $6 million. You can get a free quote in 24 hours.
Select Commercial is a national multifamily lender providing tailored multifamily financing solutions for loan sizes over $6 million. For smaller transactions under $6 million, please visit our apartment loan page. We partner with investors to acquire, refinance, or renovate 5+ unit multifamily properties, including walk-up, garden-style, and mid-rise communities. To review and compare current terms across all commercial mortgage programs, visit our commercial mortgage rates page.
Current Multifamily & Apartment Loan Rates
Rates updated July 10th, 2026. For the full schedule across every program, see today’s commercial mortgage rates.
Multifamily Loan Rates Over $6 Million
FREE LOAN QUOTE| Loan Type | Rate* | Max LTV |
|---|---|---|
| Multifamily Loan 5 Yr Fixed | 5.57% | Up to 75% |
| Multifamily Loan 7 Yr Fixed | 5.53% | Up to 75% |
| Multifamily Loan 10 Yr Fixed | 5.55% | Up to 75% |
Apartment Loan Rates Under $6 Million
FREE LOAN QUOTE| Loan Type | Rate* | Max LTV |
|---|---|---|
| Apartment Loan 5 Yr Fixed | 5.97% | Up to 80% |
| Apartment Loan 7 Yr Fixed | 5.93% | Up to 80% |
| Apartment Loan 10 Yr Fixed | 5.95% | Up to 80% |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization are determined by underwriting and property details.
Get My Free Rate QuoteBrowse Multifamily Loans by State
Select a state below to view apartment loan programs, market insights, and financing options available in that region.
Why Investors Choose Us for Multifamily Loans
Select Commercial is a nationwide commercial mortgage broker with 30+ years arranging multifamily loans for larger balance properties.
- Access to top multifamily lenders: We work with Fannie Mae® Multifamily (DUS® platform), Freddie Mac® Multifamily, national and regional banks, credit unions, life companies, bridge lenders, and private capital.
- Competitive multifamily financing: Fixed and floating options across agency, bank, life co, and bridge programs tailored to your business plan and hold period.
- Streamlined execution and fast closings: We manage screening, underwriting, lender selection, and packaging so you can stay focused on the asset.
- Nationwide coverage: Financing available in all 50 states for 5+ unit properties, garden and mid-rise communities, and mixed-use with residential over retail.
We oversee every step of the multifamily commercial real estate loan process from term sheet to closing to help you secure the right structure at the right price.
Request your free quote or use the button below to start your multifamily loan inquiry:
Get My Free Multifamily Loan QuoteOur Multifamily Loan Benefits
Multifamily loan rates start as low as 5.57%
(as of July 10th, 2026)
• A commercial mortgage broker with over 30 years of multifamily lending experience
• No upfront application or processing fees
• Streamlined application process
• Financing up to 80% LTV
• Terms and amortizations up to 30 years
• Long-term fixed and floating rate options
• Loans for acquisition, refinance, and cash-out
• 24-hour written pre-approvals with no cost and no obligation
Recent TRUSTPILOT Reviews
Select Commercial Funding Reviews from TRUSTPILOT
A three year journey
"Thanks Stephen for all of your hard work in getting our deal closed! I appreciate your professionalism and patience throughout a complicated process. You always were there for my partner and I whenever we had questions and needed answers quick. It was a pleasure to have worked with you and Select Commercial!"
Multifamily Loans Over $6 Million
At Select Commercial, we specialize in arranging multifamily loans for properties with loan sizes over $6 million. Whether you’re acquiring, refinancing, or completing a cash-out, our multifamily commercial real estate loan programs are designed for professional investors and property owners with five or more residential units.
For smaller transactions under $6 million, please visit our apartment loan page for details on competitive financing programs.
Our financing programs are ideal for:
- Multifamily properties with 5+ units in stable or growth markets
- Experienced investors seeking competitive terms from leading multifamily lenders
- New acquisitions, refinances, or equity takeouts
- Multifamily financing for both stabilized and value-add properties
If you’re looking for expert guidance on a multifamily loan, we encourage you to get a free quote from one of our experienced multifamily lenders.
Agency Large‑Balance Multifamily Loan Programs (Over $6 Million)
Select Commercial connects borrowers with premier agency-backed large-balance multifamily loan programs, perfect for financing institutional-scale properties nationwide.
- Fannie Mae® Multifamily (DUS® platform): Large‑balance non‑recourse multifamily financing, including fixed, floating, hybrid‑ARM, and interest‑only options
- Freddie Mac® Multifamily: Comprehensive large‑balance multifamily financing (fixed and floating) with up to $250M in loan capacity
Multifamily & Apartment Loan FAQs
What are current multifamily loan rates?
Multifamily loans over $6 million currently start as low as 5.57%, and smaller apartment loans under $6 million start around 5.97% (as of July 10th, 2026). Your rate depends on loan size, leverage, term length, property type, and borrower strength. See today’s rates for every program.
What is the difference between a multifamily loan and an apartment loan?
They finance the same asset: buildings with five or more residential units. In practice, “multifamily loan” usually refers to larger balances over $6 million and “apartment loan” to financing under $6 million. Select Commercial arranges both.
What is multifamily financing?
Multifamily financing is a commercial mortgage used to purchase, refinance, or reposition a residential property with five or more units. Select Commercial arranges multifamily financing nationwide through agency, bank, life company, bridge, and CMBS programs, with loan amounts over $6 million and leverage up to 80% LTV.
How do I choose the right multifamily lenders?
The best multifamily lenders match the loan program to your property and business plan rather than offering a single product. As a broker working with Fannie Mae, Freddie Mac, banks, life companies, and CMBS conduits, Select Commercial compares multiple multifamily lenders so you get competitive terms and the highest certainty of closing.
Which programs finance multifamily loans over $6 million?
Large-balance multifamily loans are typically placed through Fannie Mae and Freddie Mac agency programs, FHA/HUD, life companies, banks, bridge lenders, and CMBS. Agency loans generally carry the lowest rates for stabilized properties.
How much can I borrow, and what LTV is available?
We arrange multifamily loans from $1,500,000 with no maximum, typically up to 80% loan-to-value on purchases and 75% on refinances for qualified borrowers and stabilized properties.
What do lenders require to qualify?
Lenders generally look for a debt-service-coverage ratio (DSCR) around 1.25 or better, solid borrower credit and experience, and post-closing liquidity. Most of the underwriting is based on the property’s cash flow rather than personal income.
How long does it take to close a multifamily loan?
Most multifamily loans close in 30 to 60 days. We issue written pre-approvals within 24 hours at no cost and no obligation.