New York · Over $6 Million
New York Multifamily Loans
Select Commercial arranges New York multifamily loans, with rates as low as 6.13%, 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 York apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in New York
New York apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See New York apartment loans and New York commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
New York Multifamily Loan Rates
Rates updated as of September 28, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.53% | Up to 80% |
| 7 Year Fixed | 6.56% | Up to 80% |
| 10 Year Fixed | 6.55% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.13% | Up to 80% |
| 7 Year Fixed | 6.16% | Up to 80% |
| 10 Year Fixed | 6.15% | 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 September 28, 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 York Apartment Buildings Under $6 Million
Not every New York apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit New York apartment properties from $1,500,000 to $6 million, see our New York apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare New York Large-Balance Programs
As a broker we place your large-balance New York 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 | 6.13% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 6.16% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.60% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 6.97% | 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 York apartment loans.
Rates last updated September 28, 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 York Multifamily Investment and Lending Outlook
New York City multifamily investment sales reached $2.46 billion in the second quarter of 2026, up 24.7% year over year, across 298 transactions and 367 buildings, according to Ariel Property Advisors. First-half volume was $4.94 billion, 21% ahead of the first half of 2025.
Where that capital went matters more than the headline. Free-market buildings took 65% of large-building dollar volume while making up 40% of transactions, and the large-building segment alone traded $1.94 billion, up 43% year over year. Manhattan free-market product averaged $892 per square foot.
Rent-stabilized assets moved the other way: 42% of transactions but only 11% of dollar volume, pricing near $149,000 per unit and $201 per square foot, roughly 43% below the 2019 pre-HSTPA level. Two buildings of the same size on the same block can therefore support very different loans.
Upstate and suburban New York trade on different fundamentals again, and a lender familiar only with the five boroughs will misread a Rochester or Westchester file.
In New York, the Rent Roll’s Regulatory Status Sets the Loan
The first thing a large-balance New York underwriter establishes is not the unit count or the year built. It is how many units are rent stabilized and what the registered legal rents are.
Agency and bank lenders will finance stabilized buildings, but they size to the regulated rents actually collectible, not to what the units would fetch on the open market, and they discount the upside that used to come from vacancy decontrol. That is the mechanism behind the pricing gap above: $149,000 a unit for stabilized product against $892 a foot for Manhattan free-market space.
What to have ready before you apply. A current DHCR registration for every regulated unit, the rent roll marked to show which units are stabilized and which are free market, any preferential rent arrangements in writing, and your most recent property tax bill with the assessed value. Mixed buildings need the split stated explicitly. A file that leaves the underwriter to work out the regulatory position from the rent roll will sit.
Buildings carrying 421-a, J-51 or a regulatory agreement have their own timelines and their own lender set. Tell us at the start and we will route the file accordingly.
New York 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.
New York Multifamily Markets We Serve
We arrange large-balance multifamily loans throughout New York, including:
- Bronx commercial mortgages
- Brooklyn commercial mortgages
- Buffalo commercial mortgages
- Freeport commercial mortgages
- Hempstead commercial mortgages
- Manhattan commercial mortgages
- Mount Vernon commercial mortgages
- Nassau County commercial mortgages
- New Rochelle commercial mortgages
- New York City commercial mortgages
- Poughkeepsie commercial mortgages
- Queens commercial mortgages
- Rochester commercial mortgages
- Rockland County commercial mortgages
- Staten Island commercial mortgages
- Suffolk County commercial mortgages
- Syracuse commercial mortgages
- Valley Stream commercial mortgages
- Westchester County commercial mortgages
- White Plains commercial mortgages
- Yonkers commercial mortgages
Other Property & Loan Types We Finance in New York
As a full-service commercial mortgage broker, we arrange New York 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 York Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on New York multifamily loans.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up