Louisiana · Over $6 Million
Louisiana Multifamily Loans
Select Commercial arranges Louisiana multifamily loans, with rates as low as 6.14%, 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 Louisiana apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Louisiana
Louisiana apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Louisiana apartment loans and Louisiana commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Louisiana Multifamily Loan Rates
Rates updated as of October 22, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.14% | Up to 80% |
| 7 Year Fixed | 6.17% | Up to 80% |
| 10 Year Fixed | 6.21% | 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
Louisiana Apartment Loans
For smaller apartment building loans, under $6 million
Rates last updated October 22, 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.
Louisiana Apartment Building Loans
Not every Louisiana apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit Louisiana apartment properties from $1,500,000 to $6 million, see our Louisiana apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare Louisiana Large-Balance Programs
As a broker we place your large-balance Louisiana 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 | 6.14% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 6.17% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.74% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 7.03% | 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 Louisiana apartment loans.
Rates last updated October 22, 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 Louisiana Multifamily Investment and Lending Outlook
Louisiana’s best news for apartment owners is on the expense side, and it is finally measurable.
Insurance has been the line item that killed Louisiana deals for three years. At the 2026 TRENDS conference, Cook, Moore, Davenport & Associates reported that average multifamily insurance cost in the Baton Rouge market fell from roughly $1,400 per unit in 2023 to about $1,100 per unit in 2025. That is a dated, attributed, declining number in the expense category lenders stress hardest, and it is worth putting in front of an underwriter who last looked at Louisiana in 2023.
On the New Orleans side, Stirling Property Advisors reported third-quarter 2025 whole-market vacancy of 9.1%, up from 8.9% the prior quarter and 8.3% a year earlier, with asking rent at $1,305 per unit and rent growth of 0.3% year over year. Net absorption was negative 302 units over twelve months. The average cap rate printed at 7.6% and the average sale price at $122,000 per unit, with the construction pipeline easing to 1,089 units from 1,314 a year earlier. The large-balance benchmark is The Saulet, 703 units, which traded in May 2025 for $145,300,000, roughly $207,000 per unit and well above the market average.
Baton Rouge needs one correction applied before its numbers mean anything. Multifamily sales there totaled about $584 million in 2025 against $90 million the prior year, which reads as a spectacular recovery. But student housing accounted for $358.8 million of that total, roughly 61%. Strip it out and conventional multifamily traded closer to $225 million. Vacancy is forecast to hold between 5% and 8% with rent growth of 1% to 3% in 2026, and more than 1,600 units were built in 2025 with construction expected to slow.
Submarket spread within New Orleans is wide: workforce product in New Orleans East near $930 per unit against downtown upscale near $2,000, with the high-end Uptown submarket showing negative rent growth.
In Louisiana, a Recorded Mortgage Has an Expiration Date
This is the Louisiana fact that has no equivalent in any common-law state, and the one most likely to cost a lender real money. Louisiana mortgage inscriptions expire by operation of law. Nobody sends a reminder.
Under Louisiana Civil Code article 3357, except as otherwise expressly provided, the effect of recordation of an instrument creating a mortgage ceases ten years after the date of the instrument. Under article 3358, if any part of the described obligation matures nine years or more after the date of the instrument, the effect of recordation instead ceases six years after the latest maturity date described in the instrument. Article 3361 recalculates the date if the instrument is amended to modify maturity.
Run that against real loan structures and the answer flips depending on term.
A ten-year fixed loan has a described maturity nine or more years out, so article 3358 governs and the inscription runs sixteen years from closing. Nothing to do during the term. A seven-year fixed loan matures inside nine years, so article 3357 governs and the inscription dies ten years from the date of the act, which is fine if it pays off on schedule. The dangerous structure is a five-year loan with extension options running to year ten: article 3357 still governs, and the lien can expire in the same year the loan is finally due. Any loan that goes into modification, forbearance or special servicing past year ten is live exposure.
The part that makes this unforgiving is article 3365. Reinscription filed before the effect of recordation ceases continues that effect for ten years from the new recording, under article 3364. Reinscription filed late again produces the effects of recordation, but only from the time the notice of reinscription is recorded. It is not retroactive. Miss the date and every lien recorded in the gap, a judgment, a tax lien, a second mortgage, a contractor’s privilege, now outranks you.
And the method is exclusive. Article 3362 requires a recorded signed written notice of reinscription naming the mortgagor and the registry number. Article 3363 states the method provided is exclusive, and that amendments and acknowledgments do not constitute reinscription. Loan modification paperwork drafted by out-of-state counsel routinely assumes the modification itself preserves the lien. In Louisiana it does not.
What to do about it is simple and it belongs in the closing file. Calendar the cessation date at closing, computed from the latest maturity date described in the instrument rather than from the expected payoff date. Reinscribe before the date, never after. On an assumption, a loan sale or a servicing transfer, diligence the original inscription date and any prior reinscriptions as a title matter, because a stale inscription is a priority defect rather than a paperwork defect, and it is a classic thing to lose when servicing changes hands.
One related calendar item. The Louisiana Constitution, article VII, section 18(F)(1), requires that all property subject to taxation be reappraised at intervals of not more than four years, and the next statewide revaluation is 2028. A property financed in 2026 or 2027 is underwritten against a 2024-vintage roll with a known reset inside the loan term. Appeal windows are short and statutory, with a brief public inspection period in late August and early September and a ten-day Board of Review window after that. Miss the Board of Review window and the year is gone. Louisiana assessment is parish-administered by independently elected assessors, so confirm both the classification applied to your property and the local calendar with the parish rather than from a statewide summary.
2026 Louisiana Multifamily Metro Snapshots
A look at the Louisiana metros we most actively finance, with 2026 market indicators and the local supply and demand picture:
- Market favors renters in 2026
- Elevated vacancy near 10 percent
- Rents stay soft near term
Louisiana 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 Louisiana
As a full-service commercial mortgage broker, we arrange Louisiana 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 Louisiana Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on Louisiana multifamily loans over $6,000,000.
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- For 5+ unit and commercial properties, $1.5M and up