New Hampshire · Over $6 Million
New Hampshire Multifamily Loans
Select Commercial arranges New Hampshire 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 New Hampshire apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in New Hampshire
New Hampshire apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See New Hampshire apartment loans and New Hampshire commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
New Hampshire 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
New Hampshire 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.
New Hampshire Apartment Building Loans
Not every New Hampshire apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit New Hampshire apartment properties from $1,500,000 to $6 million, see our New Hampshire apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare New Hampshire Large-Balance Programs
As a broker we place your large-balance New Hampshire 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 New Hampshire 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 New Hampshire Multifamily Investment and Lending Outlook
New Hampshire apartments rent at a premium to the country. The statewide average apartment rent was $1,996 in the third quarter of 2024, 15% above the national average, up 3% over the year, with vacancy at 4.3% against 3.7% a year earlier (HUD Comprehensive Housing Market Analysis, November 2024).
Vacancy drifted up for a reason worth understanding. Over the preceding three years apartment absorption ran 28% below new completions. With 2,575 units under construction at that point, HUD expected the pipeline to satisfy the first year of forecast demand on its own. A lender sizing a New Hampshire deal is sizing into a market where supply has been arriving faster than it is taken up.
Pricing is firmly institutional in the south. Average transaction price reached $289,500 per unit in Hillsborough County, $194,900 in Rockingham and $181,400 in Merrimack and Strafford, on $30.5 million, $11.5 million and $8.7 million of volume respectively (Northeast Private Client Group, CoStar data for properties of five or more units, fourth quarter 2024).
A recent large-balance trade gives a current reference point: Station House Apartments in Newmarket, 42 units, $14.2 million, a 6.37% cap rate and $338,095 per unit, reported March 2026. Newly built Seacoast product clears at a very different basis from older Manchester stock.
New Hampshire’s Transfer Tax Follows the Entity and the Workout
New Hampshire’s Real Estate Transfer Tax is charged at $0.75 per $100 of price or consideration on both the buyer and the seller, so a transaction carries 1.5% in total. On a $6 million apartment trade that is roughly $90,000 sitting in sources and uses before anything else is paid.
The statute does not stop at deeds. RSA 78-B:1-a taxes transfers of interests in real estate holding companies, to the extent of the fair market value of the real estate, wherever a direct transfer would have been taxable. The implementing rule works a plain example: a member sells a 50% interest for $250,000 in a company holding $1 million of New Hampshire real estate, and the taxable consideration is $500,000, the pro-rata share of the property’s value, not the price actually paid for the interest.
That distinction is the whole point for a large-balance borrower. The usual way to move a big asset without a deed, selling the LLC, does not escape the tax, and the measure is what the real estate is worth rather than what the parties agreed. A joint-venture recapitalization or a partner buyout priced off a discounted interest can still be taxed on full property value.
And it reaches distress. A deed in lieu of foreclosure is taxable on the amount by which the borrower’s secured debt is reduced plus any debt the transferee assumes. The exemption list covers a mortgage given as security and its discharge, but there is no standalone exemption for a foreclosure or a deed in lieu, so taking title in a workout is itself a taxable event.
Three practical consequences: budget the 1.5% in any New Hampshire acquisition model, check what your operating agreement’s transfer and consent provisions actually cost before you need them, and treat the transfer tax as a line in any restructuring discussion rather than an afterthought.
New Hampshire 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 New Hampshire
As a full-service commercial mortgage broker, we arrange New Hampshire 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 New Hampshire Multifamily Loan Quote
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- For 5+ unit and commercial properties, $1.5M and up