Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Virginia · Over $6 Million
Virginia Multifamily Loans
Select Commercial arranges Virginia multifamily loans over $6 million, with rates as low as 5.74%, 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 Virginia apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Virginia
Virginia apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Virginia apartment loans and Virginia commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Virginia Multifamily Loan Rates (Over $6 Million)
| Loan Type | Rate* | Max LTV |
|---|---|---|
| Multifamily 5 Year Fixed | 5.76% | Up to 80% |
| Multifamily 7 Year Fixed | 5.74% | Up to 80% |
| Multifamily 10 Year Fixed | 5.76% | Up to 80% |
- Rates as low as 5.74% on large-balance Virginia multifamily loans
- Loan amounts from $6,000,000, no maximum
- Non-recourse agency options up to 80% LTV
- Fixed terms and amortizations up to 30 years, longer with HUD
- No upfront application or processing fees
- 48-hour written pre-approvals, no cost or obligation
Rates last updated August 9, 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.
Compare Virginia Large-Balance Programs
As a broker we place your large-balance Virginia 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 | 5.76%-6.97% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 5.74% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 6.64% | 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 Virginia apartment loans.
2026 Virginia Multifamily Investment and Lending Outlook
Large-balance Virginia 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 Virginia 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 Virginia apartment loans page.
2026 Virginia Multifamily Metro Snapshots
A look at the Virginia metros we most actively finance, with 2026 market indicators and the local supply and demand picture:
- A cooling development pipeline should support firmer occupancy through 2026
- Rent growth is expected to stay above the national pace as new supply tightens
- Continued absorption of recent Class A deliveries should keep top tier vacancy stable
Virginia 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 Virginia
As a full-service commercial mortgage broker, we arrange Virginia 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 Virginia Multifamily Loan Quote
No cost, no obligation. Written answers within 48 hours on Virginia 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