South Carolina · Over $6 Million
South Carolina Multifamily Loans
Select Commercial arranges South Carolina 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 South Carolina apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in South Carolina
South Carolina apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See South Carolina apartment loans and South Carolina commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
South Carolina Multifamily Loan Rates
Rates updated as of October 1, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.80% | Up to 80% |
| 7 Year Fixed | 6.84% | Up to 80% |
| 10 Year Fixed | 6.84% | 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 1, 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.
South Carolina Apartment Buildings Under $6 Million
Not every South Carolina apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit South Carolina apartment properties from $1,500,000 to $6 million, see our South Carolina apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare South Carolina Large-Balance Programs
As a broker we place your large-balance South 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 | 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 South Carolina apartment loans.
Rates last updated October 1, 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 South Carolina Multifamily Investment and Lending Outlook
Charleston, the state’s deepest apartment market, completed 3,261 units in 2025 against 4,618 units of net absorption, finishing the year at 92.0% occupancy with effective rent of $1,780 (MMG Real Estate Advisors).
The supply picture changes sharply this year. Completions are forecast to fall to roughly 1,625 units in 2026 against 1,516 units of absorption, close to half the prior year’s deliveries, which should ease the lease-up competition that held concessions in place through 2025.
For a large-balance borrower that timing matters. A property leasing into 2025 competed against more than twice the new supply that a property leasing into 2026 will face, so two assets a year apart in delivery date can show very different trailing numbers without either being better run.
Columbia, Greenville and Myrtle Beach each carry their own supply cycle and lender set.
A South Carolina Sale Resets the Tax Bill, and the Relief Must Be Claimed
South Carolina assesses apartment property as commercial real property at a 6% assessment ratio, and normally limits any increase in assessed fair market value to 15%. A sale removes that limit.
A purchase is an assessable transfer of interest, and an ATI triggers reassessment to full fair market value with no 15% cap. On a long-held asset bought at today’s basis, that is a step-change in the tax line the year after closing, and the seller’s trailing operating statement will not show it.
There is relief, but it is not automatic. A buyer may claim an exemption reducing the ATI fair market value by 25%. It has to be affirmatively elected, and the owner must notify the assessor that the property will be subject to the 6% ratio before 31 January of the tax year for which eligibility is first claimed. Miss the date and the relief is gone for that year.
We underwrite South Carolina apartment loans on the post-ATI tax figure rather than the seller’s bill, and we will ask whether the 25% election has been filed. On a large Charleston or Greenville acquisition the difference between the two numbers is frequently enough to move the loan amount.
South Carolina 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.
South Carolina Multifamily Markets We Serve
We arrange large-balance multifamily loans throughout South Carolina, including:
Other Property & Loan Types We Finance in South Carolina
As a full-service commercial mortgage broker, we arrange South 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 South Carolina Multifamily Loan Quote
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- For 5+ unit and commercial properties, $1.5M and up