Florida Multifamily Loan Rates
| FL Multifamily Loan Rates More Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Multifamily Loan 5 Yr Fixed | 5.30% | Up to 80% | |
| Multifamily Loan 7 Yr Fixed | 5.34% | Up to 80% | |
| Multifamily Loan 10 Yr Fixed | 5.40% | Up to 80% | |
*Rates start as low as shown and are based on underwriting criteria, borrower experience, and property strength.
Ready to get started? Click here to request a customized loan quote for your Florida multifamily property.
Need a loan under $6 million? Visit our Florida apartment loan page. For other commercial property types, explore our Florida commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
Why Choose Select Commercial for Multifamily Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons multifamily building investors choose to work with us for Florida multifamily loans over $6 million. We also actively finance apartment building loans below $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 multifamily lenders, not just one bank
- Loan structures tailored to your property and investment goals
2026 Florida Multifamily Loan Market Overview
Entering 2026, Florida remains one of the most active markets in the country for Florida multifamily loans. Strong in-migration, continued population growth, and elevated barriers to homeownership continue to support renter demand across the state. While development activity has been elevated in recent years, the pace of new supply is beginning to normalize, creating a more stable environment for multifamily financing across both coastal and inland markets.
For borrowers working with Florida multifamily lenders, the market now requires a more disciplined underwriting approach than in prior cycles. Deals continue to be structured across acquisitions, refinances, and recapitalizations, but lenders are increasingly focused on in-place income, occupancy trends, and realistic rent projections rather than aggressive growth assumptions.
Fort Lauderdale Anchors South Florida Multifamily Loans
Fort Lauderdale continues to set the tone for multifamily performance across South Florida. In 2026, the metro is projected to grow employment by 0.7%, deliver roughly 3,300 units, maintain vacancy near 4.9%, and reach average effective rent around $2,530 per month. This combination of strong rent levels and controlled vacancy supports consistent demand for Florida multifamily loans.
For sponsors seeking multifamily financing, Fort Lauderdale offers a balance of high-income renter demand and relatively stable supply conditions compared to more volatile Sun Belt markets.
West Palm Beach Adds High-Income Demand and Limited Supply Pressure
West Palm Beach continues to strengthen Florida’s multifamily profile with high household incomes and constrained housing supply. The 2026 outlook includes approximately 6,000 jobs added, roughly 2,200 units delivered, vacancy near 4.9%, and average effective rent around $2,575 per month.
For Florida multifamily lenders, this market represents a strong underwriting environment where income levels and housing constraints reinforce long-term renter demand and stable asset performance.
Tampa-St. Petersburg Adds Scale and Growth Dynamics
Tampa-St. Petersburg provides a large-scale growth component within Florida’s multifamily landscape. In 2026, the metro is projected to add about 6,000 jobs, deliver roughly 5,300 units, maintain vacancy near 5.4%, and reach average effective rent around $1,875 per month.
This market offers borrowers access to a larger inventory base and a more dynamic supply-demand environment, making it a key area for structuring multifamily commercial real estate loans across different asset classes.
Rent Levels Remain Elevated Across Florida
Florida continues to offer a wide range of rent levels across major metros. Fort Lauderdale is projected near $2,530 per month, West Palm Beach near $2,575 per month, and Tampa near $1,875 per month. This range allows investors to pursue both high-income coastal strategies and larger-scale growth markets.
For borrowers utilizing Florida multifamily loans, this diversity creates flexibility in structuring deals based on asset type, tenant profile, and long-term investment objectives.
2026 Florida Multifamily Loan Market Forecast
- Employment: Fort Lauderdale +0.7%, West Palm Beach +6,000 jobs, Tampa +6,000 jobs.
- Construction: Fort Lauderdale ~3,300 units, West Palm Beach ~2,200 units, Tampa ~5,300 units.
- Vacancy: ~4.9% South Florida, ~5.4% Tampa.
- Rent: ~$2,530 Fort Lauderdale, ~$2,575 West Palm Beach, ~$1,875 Tampa.
For investors comparing Florida multifamily loans, 2026 reflects a multi-market investment landscape. South Florida offers high rent levels and stable demand, while Tampa provides scale and growth potential. Together, these markets support a wide range of multifamily investment strategies.
2026 Fort Lauderdale Florida Multifamily Loan Market Overview
Fort Lauderdale remains one of the most stable and desirable markets for Florida multifamily loans. Strong rent levels, high-income renters, and limited supply growth support long-term asset performance and consistent demand for multifamily housing.
For investors, the market provides a balance of income stability and long-term appreciation potential driven by continued population growth.
Fort Lauderdale Multifamily Financing in 2026
Financing remains active for stabilized assets and well-located properties. Lenders are focused on occupancy stability, in-place income, and long-term viability when evaluating multifamily financing.
Borrowers will find strong liquidity, but also more disciplined underwriting compared to prior cycles.
Trends in the Fort Lauderdale Multifamily Market
The market continues to benefit from high-income renter demand and limited homeownership affordability. These factors support long-term multifamily investment strategies.
Population growth and migration trends continue to reinforce demand for rental housing.
Fort Lauderdale Multifamily Rent Levels in 2026
Average effective rent is projected near $2,530 per month, reflecting strong pricing relative to national averages.
This rent level supports stable underwriting for multifamily commercial real estate loans.
Fort Lauderdale Multifamily Supply and Demand
Supply remains moderate while demand continues to support stable vacancy levels. This balance helps maintain consistent occupancy across multifamily properties.
New construction is present but not overwhelming existing inventory.
Opportunities for Multifamily Investment in Fort Lauderdale
Investors focus on stabilized properties, value-add opportunities, and long-term hold strategies. The market rewards disciplined execution and operational efficiency.
Fort Lauderdale remains a core market for long-term multifamily investment in Florida.
2026 West Palm Beach Florida Multifamily Loan Market Overview
West Palm Beach offers strong multifamily fundamentals driven by high-income renters and limited housing supply. The market continues to attract capital due to its demographic strength and favorable long-term outlook.
For borrowers using Florida multifamily loans, the city provides a stable and predictable investment environment.
West Palm Beach Multifamily Financing in 2026
Lenders favor stabilized assets with consistent rent performance and strong tenant demand. Financing is widely available for well-positioned properties.
Borrowers benefit from strong fundamentals and favorable long-term market conditions.
Trends in the West Palm Beach Multifamily Market
The market continues to benefit from migration trends and strong household income levels. These factors reinforce demand for rental housing.
Investors view the city as a long-term hold market with stable growth potential.
West Palm Beach Multifamily Rent Levels in 2026
Average rent is projected near $2,575 per month, reflecting one of the highest rent levels in the state.
This supports strong underwriting for multifamily financing opportunities.
West Palm Beach Multifamily Supply and Demand
Supply remains controlled relative to demand, helping maintain stable occupancy levels across the market.
New development is present but does not significantly disrupt existing properties.
Opportunities for Multifamily Investment in West Palm Beach
Investment opportunities focus on long-term appreciation, stable income, and high-quality assets in strong locations.
The market continues to attract both institutional and private investors.
2026 Tampa Florida Multifamily Loan Market Overview
Tampa offers one of the largest and fastest-growing multifamily markets in Florida. The metro benefits from strong population growth, infrastructure investment, and continued economic expansion.
For borrowers seeking Florida multifamily loans, Tampa provides scale and long-term growth potential.
Tampa Multifamily Financing in 2026
Financing remains active across stabilized and growth-oriented assets. Lenders are focused on properties with strong occupancy and sustainable income.
The market supports a wide range of multifamily financing strategies.
Trends in the Tampa Multifamily Market
Tampa continues to benefit from migration trends and job growth. These factors support ongoing demand for rental housing.
The market is transitioning toward a more balanced supply-demand environment.
Tampa Multifamily Rent Levels in 2026
Average rent is projected near $1,875 per month, offering a more moderate pricing tier compared to South Florida.
This allows investors to enter the market at a lower basis while still capturing strong demand.
Tampa Multifamily Supply and Demand
Supply is moderating following several years of elevated development activity. Demand remains strong, helping absorb new inventory.
This supports improving occupancy trends across the metro.
Opportunities for Multifamily Investment in Tampa
Investors target growth corridors, emerging submarkets, and properties positioned for long-term demand.
Tampa remains one of the most important growth markets for multifamily investment in Florida.
What Lenders Look for in a Florida Multifamily Loan
What Lenders Look For
Before you apply for a Florida Multifamily loan, it helps to understand what lenders are actually evaluating. In this short video, Select Commercial President Stephen Sobin outlines the key borrower and property qualifications that influence approval.
Watch to learn:
- What makes a loan request stand out or get rejected
- The importance of cash flow, occupancy, and borrower experience
- Which documents lenders require to issue a pre-approval
Understanding Your Multifamily Loan Options
Multifamily Loan Lending Options
Not all multifamily loans are created equal. In this short video, Stephen Sobin explains the most common types of multifamily loan programs and when each one makes the most sense for Florida borrowers.
- Bank vs. agency vs. private multifamily lenders
- Short-term vs. long-term fixed-rate options
- How to structure your loan based on your property and investment goals
Our Florida Multifamily Loan Process
We make applying for a Florida multifamily loan fast, transparent, and cost-effective. Our process is designed for borrowers seeking large balance multifamily financing backed by experienced multifamily lenders. Below is a step-by-step overview of what to expect when working with Select Commercial:
Step 1: Initial Screening
During an introductory call or email, we gather the basics of your transaction. If the request doesn’t meet multifamily loan guidelines, we’ll let you know right away.
Step 2: Document Request
If eligible, we’ll send a short checklist to review your financials, credit, and property cash flow. This helps us evaluate your multifamily commercial real estate loan scenario.
Step 3: Underwriter Review
Once documents are received, underwriting begins. If your multifamily loan qualifies, we issue a written pre-approval. If not, we’ll explain why.
Step 4: Pre-Approval Letter
If approved, we send a detailed pre-approval letter outlining preliminary terms and any additional documentation needed.
Step 5: Third-Party Reports
Once pre-approved, the underwriter orders the appraisal and other required third-party reports. A good faith deposit is collected to cover these costs.
Step 6: Final Submission
Once all documentation and reports are in, underwriting is finalized and a formal multifamily loan commitment is issued.
Step 7: Legal & Closing
Our legal team prepares the closing checklist and any final conditions. Once satisfied, we move forward with closing.
Step 8: Timeline
Most multifamily loans close within 30 to 60 days, depending on deal complexity and how quickly documents are submitted.
Multifamily Property Types We Finance in Florida
At Select Commercial, we provide multifamily financing for a broad range of Florida multifamily properties, from stabilized 5+ unit buildings to large-scale portfolios. Whether your asset is urban, suburban, or mixed-use, we tailor each multifamily commercial real estate loan to match your investment strategy and property type.
- Urban mid-rise and high-rise multifamily buildings
- Suburban garden-style multifamily complexes
- Small multifamily buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op building loans
- Portfolios of small multifamily or single-family rental properties
- Stabilized properties with solid cash flow and rent history
If you're unsure whether your property qualifies for a multifamily loan, contact us for a free quote and we'll review your deal within 24 hours.
Recent Multifamily Loan Closings
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 Florida Multifamily Loans
Multifamily loan rates in Florida depend on several factors including loan size, property condition, borrower strength, and leverage. As of 2025, interest rates remain elevated due to persistent inflation, but high-quality borrowers with strong assets can still secure competitive terms. For other property types, view our latest commercial mortgage rates for updates.
Lenders generally require a DSCR of 1.25 or better, strong borrower credit, relevant experience, and post-closing liquidity. For large balance multifamily commercial real estate loans, loan-to-value ratios typically range from 65% to 80%, depending on cash flow.
Large balance multifamily financing requires tailored solutions. Select Commercial works with a wide range of capital sources, including banks, life companies, CMBS, agency, and private lenders, giving you access to more options, better terms, and higher certainty of execution.
The process begins with a review of property-level financials, including a current rent roll, trailing 12-month operating statement, borrower net worth, liquidity, and experience. Our team quickly assesses eligibility and provides a pre-approval when qualified. Start with a Free Quote today.
Select Commercial also specializes in loans under $6 million. If you're refinancing a smaller apartment loan, we can help structure multifamily financing with competitive rates and flexible terms. Visit our Florida apartment loan page for details.
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 across Florida and beyond.
- 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 $250 M in loan capacity
These agency programs offer non‑recourse structures, competitive fixed or floating rates, strong leverage (typically up to ~80 % LTV), and streamlined execution, ideal for experienced investors pursuing well‑performing multifamily assets.
Looking for loans under $6 million? Visit our dedicated Florida apartment loan page for smaller-balance financing options.
Florida Multifamily Financing
Select Commercial provides multifamily loans and Florida commercial mortgages throughout the state of Florida including but not limited to the areas below.