Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Florida · Over $6 Million
Florida Multifamily Loans
Select Commercial arranges Florida multifamily loans, with rates as low as 5.79%, up to 80% LTV and non-recourse agency options. We compare Fannie Mae, Freddie Mac, FHA/HUD and CMBS. For loans under $6 million, see Florida apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Florida
Florida apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Florida apartment loans and Florida commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Florida Multifamily Loan Rates
Rates updated as of August 23, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.08% | Up to 80% |
| 7 Year Fixed | 6.19% | Up to 80% |
| 10 Year Fixed | 6.28% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.68% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.88% | Up to 75% |
- Streamlined underwriting for institutional multifamily
- Cash-out refinances are acceptable
- Interest-only and non-recourse options
- Minimum 1.25x debt-service-coverage ratio
Rates last updated August 23, 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.
Florida Apartment Buildings Under $6 Million
Not every Florida apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit Florida apartment properties from $1,500,000 to $6 million, see our Florida apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare Florida Large-Balance Programs
As a broker we place your large-balance Florida multifamily loan with the right capital source. Typical starting points for properties over $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae DUS | 5.68% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 5.79% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 6.66% | Up to 75% | Non-recourse, flexible underwriting |
Most large-balance lenders look for a debt-service-coverage ratio (DSCR) of at least 1.25x. For properties under $6 million, see our Florida apartment loans.
2026 Florida Multifamily Investment and Lending Outlook
Large-balance Florida multifamily financing over $6 million is driven by agency lending appetite, the cap-rate environment and a growing wave of loan maturities. Fannie Mae DUS and Freddie Mac remain the dominant sources of non-recourse capital for stabilized Florida assets, competing with CMBS, life companies and banks. As cap rates stabilize and the bid-ask gap narrows, acquisition and refinance activity on larger properties is picking up, and many owners are refinancing prior-cycle debt into agency or bridge structures. For the detailed 2026 rental-market outlook, see our Florida apartment loans page.
2026 Florida Multifamily Metro Snapshots
A look at the Florida metros we most actively finance, with 2026 market indicators and the local supply and demand picture:
- Employment grows by 6,000 jobs, up roughly 0.7 percent for 2026.
- Inventory expands 2.3 percent, the sixth-fastest pace among major U.S. markets.
- Vacancy climbs to 6.7 percent, second highest among major rental markets.
- Employment: Miami-Dade adds about 9,000 jobs in 2026 (about +0.7%)
- Construction: about 5,500 units projected, inventory growth around 1.6%
- Vacancy: forecast near 4.9% (about +20 bps)
- Employment Growth: About 8,500 jobs added in 2026 (approximately +0.6%).
- Construction Trends: About 7,000 units projected for delivery, with inventory growth near 2.4%.
- Vacancy: Vacancy projected near 4.8%, improving by roughly 30 bps.
- Employment Growth: About 6,000 jobs added in 2026 (approximately +0.4%) across the Tampa-St. Petersburg market.
- Construction Trends: About 5,300 units projected for delivery in 2026, the lowest level since 2020.
- Vacancy: Vacancy projected near 5.4%, improving by roughly 20 bps.
Florida Multifamily Loan Programs
As a broker, we compare every large-balance program to find your best fit:
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Other Property & Loan Types We Finance in Florida
As a full-service commercial mortgage broker, we arrange Florida financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
What Our Clients Say
“As a real estate attorney, I trust that Select Commercial will deliver commercial mortgages in a timely manner. My clients are always handled professionally, and the rates and terms are excellent. I heartily recommend them.”
David S. · New York City“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 Florida Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on Florida multifamily loans over $6,000,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up