White Plains Multifamily Loans
Select Commercial specializes in White Plains multifamily loans starting at $6 million and above. Whether you're acquiring a large multifamily complex or refinancing a stabilized portfolio, we offer competitive rates, low fees, and expert guidance on multifamily financing across the city of White Plains.
Need a loan under $6 million? Visit our White Plains apartment loan page. For other commercial property types, explore our White Plains commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
White Plains Multifamily Loan Rates
Below are our current White Plains multifamily loan rates for properties over $6 million. Looking for a smaller loan? We also offer apartment building loan programs for White Plains properties under $6 million.
| NY Multifamily Loans ($6 million and up) | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Multifamily Loan 5 Yr Fixed | 5.26% | Up to 75% | |
| Multifamily Loan 7 Yr Fixed | 5.31% | Up to 75% | |
| Multifamily Loan 10 Yr Fixed | 5.40% | Up to 75% | |
*Rates start as low as shown and are based on underwriting criteria, borrower experience, and property strength.
Ready to get started? Click here to request a customized loan quote for your White Plains multifamily property.
2025 White Plains Multifamily Loan Market Overview
White Plains remains a high-demand multifamily submarket in Westchester County as we enter 2025. With its status as a major employment hub and regional transit center, the city continues to attract developers and investors seeking stable yields and long-term growth in a walkable, urbanized suburban setting.
White Plains Multifamily Loan Rates in Early 2025
The Federal Reserve's 2024 rate cuts helped stimulate multifamily lending activity across the Hudson Valley, including White Plains. However, long-term borrowing costs remain elevated due to persistent volatility in 10-year Treasury yields. Financing for stabilized or newly delivered multifamily assets remains available, though underwriting standards have tightened across many Westchester lenders.
White Plains Multifamily Market Trends
New development in downtown White Plains continues at a brisk pace, with high-rise apartment buildings, mixed-use projects, and adaptive reuse driving investor interest. The city’s retail core, walkability, and direct Metro-North connection to Manhattan make it one of the most attractive markets in the New York suburbs. White Plains continues to draw both institutional capital and local investors looking for core-plus opportunities.
Current Rent Prices in White Plains
As of June 2025, average multifamily rents in White Plains are $3,050 per month. Rent averages by unit type include:
- Studio: $2,450
- One-bedroom: $2,850
- Two-bedroom: $3,750
- Three-bedroom: $4,600
These elevated rents reflect strong demand for luxury and transit-accessible housing, particularly in downtown areas near the train station and retail corridor.
White Plains’ Multifamily Housing Supply and Demand
While supply has increased significantly over the past five years, demand has kept pace thanks to consistent job growth and a steady influx of professionals priced out of NYC. Class A properties in central White Plains are seeing some rent flattening, but mid-market and affordable units continue to lease quickly, keeping vacancy rates below 5% overall.
Investment Opportunities in White Plains’ Multifamily Market
Investors are targeting a range of opportunities, from stabilized Class A buildings to value-add garden apartments in the city’s northern and southern neighborhoods. Projects near North Broadway, Mamaroneck Avenue, and the Metro-North corridor remain especially attractive in 2025. Financing is readily available for well-leveraged borrowers with a strong local presence or institutional backing.
Securing a Multifamily Loan in White Plains with Select Commercial
Select Commercial has extensive experience financing multifamily properties throughout Westchester County, including White Plains. We understand the zoning, rent regulations, and development landscape unique to this regional economic center. Whether you're acquiring, refinancing, or building multifamily in White Plains, our expert team can help you structure a competitive and flexible loan.
Contact Select Commercial today to discuss your financing needs and unlock opportunities in the thriving White Plains multifamily market.
Why Choose Select Commercial for Multifamily Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons multifamily building investors choose to work with us for White Plains multifamily loans. We also actively finance apartment building loans below $6 million.
Here’s what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of multifamily lenders, not just one bank
- Loan structures tailored to your property and investment goals
What Lenders Look for in a White Plains Multifamily Loan
What Lenders Look For
Before you apply for a White Plains Multifamily loan, it helps to understand what lenders are actually evaluating. In this short video, Select Commercial President Stephen Sobin outlines the key borrower and property qualifications that influence approval.
Watch to learn:
- What makes a loan request stand out or get rejected
- The importance of cash flow, occupancy, and borrower experience
- Which documents lenders require to issue a pre-approval
Understanding Your Multifamily Loan Options
Multifamily Loan Lending Options
Not all multifamily loans are created equal. In this short video, Stephen Sobin explains the most common types of multifamily loan programs and when each one makes the most sense for White Plains borrowers.
- Bank vs. agency vs. private multifamily lenders
- Short-term vs. long-term fixed-rate options
- How to structure your loan based on your property and investment goals
Our White Plains Multifamily Loan Process
We make applying for a White Plains multifamily loan fast, transparent, and cost-effective. Our process is designed for borrowers seeking large balance multifamily financing backed by experienced multifamily lenders. Below is a step-by-step overview of what to expect when working with Select Commercial:
Step 1: Initial Screening
During an introductory call or email, we gather the basics of your transaction. If the request doesn’t meet multifamily loan guidelines, we’ll let you know right away.
Step 2: Document Request
If eligible, we’ll send a short checklist to review your financials, credit, and property cash flow. This helps us evaluate your multifamily commercial real estate loan scenario.
Step 3: Underwriter Review
Once documents are received, underwriting begins. If your multifamily loan qualifies, we issue a written pre-approval. If not, we’ll explain why.
Step 4: Pre-Approval Letter
If approved, we send a detailed pre-approval letter outlining preliminary terms and any additional documentation needed.
Step 5: Third-Party Reports
Once pre-approved, the underwriter orders the appraisal and other required third-party reports. A good faith deposit is collected to cover these costs.
Step 6: Final Submission
Once all documentation and reports are in, underwriting is finalized and a formal multifamily loan commitment is issued.
Step 7: Legal & Closing
Our legal team prepares the closing checklist and any final conditions. Once satisfied, we move forward with closing.
Step 8: Timeline
Most multifamily loans close within 30 to 60 days, depending on deal complexity and how quickly documents are submitted.
Multifamily Property Types We Finance in White Plains
At Select Commercial, we provide multifamily financing for a broad range of White Plains multifamily properties, from stabilized 5+ unit buildings to large scale portfolios. Whether your asset is urban, suburban, or mixed use, we tailor each multifamily commercial real estate loan to match your investment strategy and property type.
- Urban mid rise and high rise multifamily buildings
- Suburban garden style multifamily complexes
- Small multifamily buildings with 5+ units
- Mixed use properties with residential and limited commercial space
- Underlying co op building loans
- Portfolios of small multifamily or single family rental properties
- Stabilized properties with solid cash flow and rent history
If you're unsure whether your property qualifies for a multifamily loan, contact us for a free quote and we'll review your deal within 24 hours.
Recent Multifamily Loan Closings
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of apartment financing. His insights and perspectives are regularly featured in leading industry publications. Below are his latest contributions, offering deep analysis on the apartment financing landscape and current market dynamics.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Multifamily
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In Multi-Housing News, Sobin acknowledges that while inflation remains a concern, a softening CPI is a promising signal for investors navigating the multifamily loan landscape. Read the full article.
Commercial Spotlight: Mid-Atlantic Region
Featured in Scotsman Guide, Sobin outlines how shifting investor interest is impacting White Plains and other Mid-Atlantic multifamily commercial real estate markets. Read the full article.
What the New Jobs Report Means for CRE
In Commercial Property Executive, Sobin offers perspective on economic uncertainty and buyer-seller hesitancy across the commercial real estate and multifamily financing sectors. Read the full article.
Decoding "Junk Fees" in Rental Housing
In Multi-Housing News, Sobin helps clarify the difference between legitimate third-party fees and misleading “junk fees.” Read the full article.
Understanding the Impact of Federal Reserve's Decisions
In Multi-Housing News, Sobin forecasted the Fed's rate pause, citing recession concerns and recent bank instability. Read the full article.
Stay tuned for more expert insights from Stephen A. Sobin as he continues to share his expertise on multifamily loans, capital markets, and financing solutions throughout White Plains and across the country.
Frequently Asked Questions About White Plains Multifamily Loans
Multifamily loan rates in White Plains depend on several factors including loan size, property condition, borrower strength, and leverage. As of 2025, interest rates remain elevated due to persistent inflation, but high-quality borrowers with strong assets can still secure competitive terms. For other property types, view our latest commercial mortgage rates for updates.
Lenders generally require a DSCR of 1.25 or better, strong borrower credit, relevant experience, and post-closing liquidity. For large balance multifamily commercial real estate loans, loan-to-value ratios typically range from 65% to 80%, depending on cash flow.
Large balance multifamily financing requires tailored solutions. Select Commercial works with a wide range of capital sources, including banks, life companies, CMBS, agency, and private lenders, giving you access to more options, better terms, and higher certainty of execution.
The process begins with a review of property-level financials, including a current rent roll, trailing 12-month operating statement, borrower net worth, liquidity, and experience. Our team quickly assesses eligibility and provides a pre-approval when qualified. Start with a Free Quote today.
Select Commercial also specializes in loans under $6 million. If you're refinancing a smaller apartment loan, we can help structure multifamily financing with competitive rates and flexible terms. Visit our White Plains apartment loan page for details.
Agency Large‑Balance Multifamily Loan Programs (Over $6 Million)
Select Commercial connects borrowers with premier agency-backed large-balance multifamily loan programs, perfect for financing institutional-scale properties across White Plains and beyond.
- Fannie Mae® Multifamily (DUS® platform) – Large‑balance non‑recourse multifamily financing, including fixed, floating, hybrid‑ARM, and interest‑only options
- Freddie Mac® Multifamily – Comprehensive large‑balance multifamily financing (fixed and floating) with up to $250 M in loan capacity
Agency loans offer nonrecourse financing, competitive fixed- or floating-rate options, leverage up to ~80% LTV, and streamlined execution. They’re ideal for experienced investors targeting well-performing multifamily assets.
White Plains Multifamily Financing
Select Commercial provides multifamily and commercial mortgage loans throughout New York, with services available in every city and town. The areas below represent just a few of the markets we serve.