Maine · Over $6 Million
Maine Multifamily Loans
Select Commercial arranges Maine 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 Maine apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Maine
Maine apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Maine apartment loans and Maine commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Maine 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
Maine 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.
Maine Apartment Building Loans
Not every Maine apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit Maine apartment properties from $1,500,000 to $6 million, see our Maine apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare Maine Large-Balance Programs
As a broker we place your large-balance Maine 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 Maine 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 Maine Multifamily Investment and Lending Outlook
Portland transaction volume is thin and getting thinner. Commercial multifamily sales of five or more units ran to seven transactions in 2025, down from 11 in 2024 and 13 in 2023, and well below the 21 to 23 of the 2020 to 2022 peak (Vitalius Real Estate Group, presented at the MEREDA 2026 Forecast Conference).
Median pricing rose to $175,000 per unit in 2025, up 10.71%, and $251 per square foot. The broker presenting that figure attached his own warning to it, and it is worth repeating: the number rests on seven sales, and 2026 contracts are running below $150,000 per unit. He also put the working range at a 6 to 8 cap, adding that an 8 cap is more realistic for an average building.
Lewiston and Auburn are a different market at a different basis: roughly $88,000 per unit, up 9%, with cap rates in the 8.5 to 11 range.
For a lender, seven trades in a year is not an appraisal foundation. Maine files move when the borrower brings several years of operating history, a documented occupancy record and a rent roll of real collected rents, because the market data will not carry the valuation on its own.
Maine’s New Transfer Tax Tier Lands Squarely on Large Deals, Including Entity Sales
Maine changed its real estate transfer tax in a way that is almost invisible on a small property and material on a large one.
The base rate is $2.20 for each $500 of value, split half to the grantor and half to the grantee. Effective November 1, 2025, the statute adds a second tier: where value exceeds $1,000,000, an additional $3.80 for each $500 of the value above that $1,000,000. The additional rate is nearly double the base on its own, and it is charged on top of it, so value above the first million is taxed at a combined $6.00 for each $500, nearly three times the rate below the threshold.
Selling the entity does not avoid it. The same additional rate applies to controlling-interest transfers. Maine Revenue Services defines a controlling interest as more than 50% of combined voting power or more than 50% of capital, profits or beneficial interest, and aggregates transfers made within a twelve-month period by persons acting in concert. The return must be filed with the register of deeds within 30 days of the transfer with payment due at filing, and parties who fail to file are jointly and severally liable for the full amount plus interest and penalties.
What this means in practice. A Portland triple-decker never reaches the second tier. A $6 million apartment trade pays the base rate across the whole value and the higher rate on five million of it. And because the tier reaches entity transfers on the same terms, a mid-term joint-venture recapitalization or partner buyout carries a tax cost and a hard filing deadline that a deed-only analysis would miss entirely.
Bring us the deal structure early. Whether the transaction is a deed or an interest transfer changes the sources and uses, and on a Maine file of this size it changes them by enough to matter.
Maine Multifamily Loan Programs
As a broker, we compare every large-balance program to find your best fit:
Recent Multifamily Loan Closings
A sample of multifamily loans we have arranged for investors nationwide.
Other Property & Loan Types We Finance in Maine
As a full-service commercial mortgage broker, we arrange Maine 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 Maine Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on Maine multifamily loans.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up