Wyoming · Over $6 Million
Wyoming Multifamily Loans
Select Commercial arranges Wyoming multifamily loans, with rates as low as 6.22%, 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 Wyoming apartment loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Wyoming
Wyoming apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Wyoming apartment loans and Wyoming commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Wyoming Multifamily Loan Rates
Rates updated as of October 21, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.22% | Up to 80% |
| 7 Year Fixed | 6.26% | Up to 80% |
| 10 Year Fixed | 6.35% | 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
Wyoming Apartment Loans
For smaller apartment building loans, under $6 million
Rates last updated October 21, 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.
Wyoming Apartment Building Loans
Not every Wyoming apartment property is over $6 million, and we finance smaller buildings too. For 5+ unit Wyoming apartment properties from $1,500,000 to $6 million, see our Wyoming apartment loans page for Fannie Mae Small Loan, Freddie Mac SBL, bank and credit union options.
Compare Wyoming Large-Balance Programs
As a broker we place your large-balance Wyoming 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 | 6.22% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac | 6.26% | Up to 80% | Non-recourse large-balance |
| FHA / HUD | 6.83% | Up to 85% | Highest leverage, 35-yr amortization |
| CMBS / conduit | 7.00% | 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 Wyoming apartment loans.
Rates last updated October 21, 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 Wyoming Multifamily Investment and Lending Outlook
Wyoming publishes no multifamily sales volume and no cap rates, and that is not an oversight. It is the law. The state is one of a small group where sale prices are confidential by statute, so the usual market benchmarks simply do not exist for any Wyoming metro. What follows is what is genuinely measured.
Statewide average rent for an unfurnished two-bedroom reached $1,060 in the fourth quarter of 2025, up 4.1% over the year (Wyoming Economic Analysis Division, Cost of Living Index, released April 2026). The spread between counties is extreme: Teton County at $3,476, Laramie County at $1,269 and up 5.8%, Natrona at $1,050 and up 7.3%, Albany at $1,001, Sweetwater at $764.
Almost nothing is being built at scale. Of 1,681 housing units produced statewide in 2023, just 58 were in multifamily buildings, against 1,418 single-family and 205 in two to four family (Wyoming Community Development Authority, August 2025). The state estimates it needs 20,700 to 38,600 additional units between 2021 and 2030.
Cheyenne is the exception and it is policy-driven. Units permitted in 2025 ran roughly 2.6 times the 2013 to 2019 annual average after the city removed its minimum lot area per multifamily unit and cut required parking for studios and one-bedrooms from 1.5 spaces to 1 (Harvard Growth Lab, December 2025).
Wyoming Is a Non-Disclosure State, and It Changes How Your Loan Gets Appraised
This is the single most useful thing to know before financing a large Wyoming apartment property.
Wyoming requires a Statement of Consideration on every transfer, and no instrument may be recorded until the county clerk receives it. But the statute then makes the number secret. Under W.S. 34-1-142 the statement is not a public record and must be held confidential by the county clerk, the county assessor, the county and state boards of equalization and the Department of Revenue. Access is limited to a narrow property tax appeal window, and an individual statement cannot even be used to adjust another property’s assessment.
The consequence runs straight into your appraisal. Agency and life company scopes expect verified comparable sales. In Wyoming an appraiser cannot pull recorded consideration, so the comparable set has to be assembled from listing data, voluntary disclosures and broker confirmations, one transaction at a time. That lengthens the appraisal, widens the defensible value range, and shifts weight onto the income approach.
What that means for you. Your rent roll and operating statements carry more of the loan decision in Wyoming than they would anywhere else, because there is less market evidence to check them against. Several years of history, a documented occupancy record and clean, collected rents are not housekeeping here, they are the valuation. Expect a longer appraisal timeline and build it into your closing schedule.
There is also no state-level permanent lender at this size. The Wyoming Community Development Authority services around 15,000 loans worth $1.8 billion but is principally a single-family servicer and an allocator of federal subsidy, with roughly $3.5 million of housing credit a year. Large-balance Wyoming apartment debt comes from agency, bank, credit union and life company sources, and we place it accordingly.
Wyoming 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.
Other Property & Loan Types We Finance in Wyoming
As a full-service commercial mortgage broker, we arrange Wyoming 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 Wyoming Multifamily Loan Quote
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- For 5+ unit and commercial properties, $1.5M and up