Mississippi · Over $6 Million
Mississippi Multifamily Loans
Select Commercial arranges Mississippi multifamily loans, with rates as low as 6.40%, 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 Mississippi apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Mississippi
Mississippi apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Mississippi apartment loans and Mississippi commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Mississippi Multifamily Loan Rates
Rates updated as of October 2, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.66% | Up to 80% |
| 7 Year Fixed | 6.75% | Up to 80% |
| 10 Year Fixed | 6.64% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.40% | Up to 80% |
| 7 Year Fixed | 6.44% | Up to 80% |
| 10 Year Fixed | 6.44% | 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
Rates last updated October 2, 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.
Mississippi Apartment Buildings Under $6 Million
Not every Mississippi apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit Mississippi apartment properties from $1,500,000 to $6 million, see our Mississippi apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare Mississippi Large-Balance Programs
As a broker we place your large-balance Mississippi 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 | 6.40% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 6.44% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.70% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 7.26% | 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 Mississippi apartment loans.
Rates last updated October 2, 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 Mississippi Multifamily Investment and Lending Outlook
Mississippi is a thin-data market, and that is the first thing to understand about financing a large apartment property here. Gulfport-Biloxi, the state’s most active tracked market, recorded $157 million of multifamily sales across just 18 transactions and 2,741 units over the twelve months to December 2025, with average asking rent of $1,179 and a single property of 144 units under construction (The Kirkland Company, Q1 2026).
Eighteen trades in a year is not enough to build an appraisal from. National agency and conduit desks see very little Mississippi product, published cap rates and per-unit benchmarks are not reliably available for any Mississippi metro, and an appraiser will be assembling a comparable set rather than drawing one down.
Files move here when the borrower supplies what the market data cannot: several years of operating history, a documented occupancy record, and a rent roll showing real collected rents. Jackson, the Gulf Coast and the DeSoto County submarkets outside Memphis each behave differently.
Mississippi Taxes Apartments at Half Again the Residential Ratio
Mississippi assesses property by constitutional class, and apartments do not get the favourable one.
Class I, single-family owner-occupied residential property, is assessed at 10% of true value. Class II, which covers all other real property including rental and business property, is assessed at 15% of true value. An apartment complex therefore carries an assessment ratio half again higher than a house of identical value on the same street.
Two consequences for a large-balance file. First, the ad valorem line inside net operating income is structurally heavier than a borrower or lender arriving from a homestead-capped state expects, and underwriting that imports an assumption from elsewhere will overstate cash flow. Second, because the ratio attaches to true value, a reappraisal that marks a stabilized complex to its income value flows straight through to the bill with no cap in between.
Send the current tax bill, the assessed value and the millage for the taxing jurisdiction with your rent roll. In a market this thin, a clean, documented expense line does more for your loan amount than any argument about where the market is heading.
Mississippi 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.
Mississippi Multifamily Markets We Serve
We arrange large-balance multifamily loans throughout Mississippi, including:
Other Property & Loan Types We Finance in Mississippi
As a full-service commercial mortgage broker, we arrange Mississippi 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 Mississippi Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on Mississippi multifamily loans.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up