Kansas · Over $6 Million
Kansas Multifamily Loans
Select Commercial arranges Kansas multifamily loans, with rates as low as 6.22%, 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 Kansas apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Kansas
Kansas apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Kansas apartment loans and Kansas commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Kansas Multifamily Loan Rates
Rates updated as of October 20, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.22% | Up to 80% |
| 7 Year Fixed | 6.26% | Up to 80% |
| 10 Year Fixed | 6.35% | Up to 80% |
- Streamlined underwriting for institutional multifamily
- Cash-out refinances are acceptable
- Interest-only and non-recourse options
- Minimum 1.25x debt-service-coverage ratio
Kansas Apartment Loans
For smaller apartment building loans, under $6 million
Rates last updated October 20, 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.
Kansas Apartment Building Loans
Not every Kansas apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit Kansas apartment properties from $1,500,000 to $6 million, see our Kansas apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare Kansas Large-Balance Programs
As a broker we place your large-balance Kansas 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 | 6.22% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 6.26% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.83% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 7.00% | 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 Kansas apartment loans.
Rates last updated October 20, 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.
2026 Kansas Multifamily Investment and Lending Outlook
Kansas large-balance multifamily activity concentrates in Johnson County, and the recovery in transaction volume there has been sharp.
GREA reported Kansas City metro multifamily transaction volume of about $469 million over the trailing twelve months in its third-quarter 2025 report, up from a trough near $135 million in mid-2024. Metro occupancy measured 91.2% on a whole-market basis, average rent $1,360 per unit per month, and rent growth 3.8% year over year through the second quarter of 2025. Net absorption ran roughly 5,000 units over twelve months, about 20% above the five-year average, against 5,900 units under construction, equal to 3.3% of a 180,051-unit inventory.
Johnson County is the metro’s most active submarket, accounting for roughly a third of total absorption, leading the metro in units under construction, and posting rent growth above 5%. The benchmark Kansas-side trade is The Sovereign at Overland Park: 253 units at $62,000,000, about $245,000 per unit.
Wichita is a different market with a different pace. MMG Real Estate Advisors reported Wichita average occupancy of 92.6% at the end of 2025 with average effective rent near $924, completions of 636 units for the year against net absorption of 161 units, and the pipeline falling to 568 units under construction from 868 a year earlier. Those occupancy figures are whole-market and include units still in lease-up, so they are not comparable to a stabilized-only number.
One useful datapoint on the lending side: Capitol Federal Financial in Topeka reported commercial originations and participations of $232.6 million at a 6.30% weighted average rate in its quarter ended June 30, 2026, at a 71% weighted average loan-to-value and a 1.96x weighted average debt service coverage ratio. That is a Kansas depository publishing its actual credit box, and it is a reasonable benchmark for what bank execution looks like in this state.
Kansas Taxes Apartments as Residential, and Records Your Mortgage for Almost Nothing
Kansas is one of the least expensive states in the country to own and finance an apartment building, and for two specific reasons that most borrowers never see quantified.
First, Kansas classifies multifamily as residential property. Under Article 11, Section 1 of the Kansas Constitution, implemented at K.S.A. 79-1439, real property used for residential purposes including multi-family residential real property is assessed at 11.5% of fair market value. Commercial and industrial real property is assessed at 25%.
Work that through. A Kansas apartment building carries a taxable base equal to 46% of what the identical building would carry if it were classed commercial, which at any given mill levy is roughly a 54% lower ad valorem line. In most states a 5-unit-and-up apartment building is taxed as commercial property. In Kansas it is not, and that difference flows directly into net operating income, into debt service coverage, and therefore into proceeds.
Two cautions. On a mixed-use parcel the commercial portion is split out at 25%, so applying 11.5% to a building with ground-floor retail overstates net operating income. And Kansas values real property at fair market value on an annual cycle under K.S.A. 79-1476, so there is no multi-year assessment lag to shelter behind. A high price-per-unit acquisition can feed the following year’s roll. Johnson County’s appraiser has signaled commercial valuations, multifamily included, rising about 5% for 2026. Size the tax escrow for a reset rather than for the seller’s bill.
Second, Kansas has no mortgage registration tax at all. The tax under K.S.A. 79-3102 was levied at 0.26% of principal debt, then phased down across 2015, 2016, 2017 and 2018 and repealed effective January 1, 2019. What replaced it is a flat per-page recording fee schedule under K.S.A. 28-115: roughly $17.00 for the first page of a mortgage and $13.00 for each additional page, plus a small per-page state surcharge.
The comparison is worth making out loud. A $20 million apartment mortgage recorded in Alabama costs about $30,000 in mortgage tax. Recorded in Baltimore City it is roughly $230,000. Recorded in Kansas it costs a few hundred dollars, because the fee tracks page count rather than loan size. On a large-balance acquisition or refinance that is a six-figure difference in cash required at closing, and it is the single most underappreciated advantage of financing a Kansas property.
Neither point changes your credit profile. Both of them change the numbers a lender uses, and in the same direction.
2026 Kansas Multifamily Metro Snapshots
A look at the Kansas metros we most actively finance, with 2026 market indicators and the local supply and demand picture:
- Rents stay among the nation's most affordable
- Vacancy remains relatively tight
- Rent growth near 3 to 4 percent
Kansas Multifamily Loan Programs
As a broker, we compare every large-balance program to find your best fit:
Recent Multifamily Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Other Property & Loan Types We Finance in Kansas
As a full-service commercial mortgage broker, we arrange Kansas 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 Kansas Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on Kansas 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