Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
North Carolina · Over $6 Million
North Carolina Multifamily Loans
Select Commercial arranges North Carolina multifamily loans, with rates as low as 5.79%, 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 North Carolina apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in North Carolina
North Carolina apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See North Carolina apartment loans and North Carolina commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
North Carolina Multifamily Loan Rates
Rates updated as of August 23, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.08% | Up to 80% |
| 7 Year Fixed | 6.19% | Up to 80% |
| 10 Year Fixed | 6.28% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.68% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.88% | Up to 75% |
- 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 August 23, 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.
North Carolina Apartment Buildings Under $6 Million
Not every North Carolina apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit North Carolina apartment properties from $1,500,000 to $6 million, see our North Carolina apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare North Carolina Large-Balance Programs
As a broker we place your large-balance North Carolina 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 | 5.68% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 5.79% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 6.66% | 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 North Carolina apartment loans.
2026 North Carolina Multifamily Investment and Lending Outlook
Large-balance North Carolina multifamily financing over $6 million is driven by agency lending appetite, the cap-rate environment and a growing wave of loan maturities. Fannie Mae DUS and Freddie Mac remain the dominant sources of non-recourse capital for stabilized North Carolina assets, competing with CMBS, life companies and banks. As cap rates stabilize and the bid-ask gap narrows, acquisition and refinance activity on larger properties is picking up, and many owners are refinancing prior-cycle debt into agency or bridge structures. For the detailed 2026 rental-market outlook, see our North Carolina apartment loans page.
2026 North Carolina Multifamily Metro Snapshots
A look at the North Carolina metros we most actively finance, with 2026 market indicators and the local supply and demand picture:
- Employment Growth: Charlotte is projected to add about 14,000 jobs in 2026.
- Construction Trends: Inventory is projected to expand about 3.9%, with roughly 10,000 units referenced in the forecast.
- Vacancy: Vacancy is expected to hold near 5.1%, about 140 bps below the long-term average.
- Employment grows by 9,000 jobs, 10th among major metros.
- Inventory growth slows to 2.9 percent as deliveries ease.
- Vacancy declines to 5.0 percent, the lowest since 2021.
North Carolina Multifamily Loan Programs
As a broker, we compare every large-balance program to find your best fit:
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Other Property & Loan Types We Finance in North Carolina
As a full-service commercial mortgage broker, we arrange North Carolina 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 North Carolina Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on North Carolina multifamily loans over $6,000,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up