Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Nashville, Tennessee
Nashville Apartment Loans in 2026
Select Commercial specializes in Nashville apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 6.16% and up to 80% LTV. For properties elsewhere in the state, see our Tennessee apartment loans; for loans over $6 million, see Nashville multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Nashville
Nashville apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Tennessee apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Nashville Apartment Loan Rates (Under $6 Million)
| Loan Type | Rate* | Max LTV |
|---|---|---|
| Apartment 5 Year Fixed | 6.16% | Up to 80% |
| Apartment 7 Year Fixed | 6.14% | Up to 80% |
| Apartment 10 Year Fixed | 6.16% | Up to 80% |
- Rates as low as 6.16% on Nashville apartment loans
- Up to 80% LTV on apartment financing
- Terms and amortizations up to 30 years
- Purchase and refinance, including cash-out
- No upfront application or processing fees
- 48-hour written pre-approvals, no cost or obligation
Rates last updated August 8, 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 Nashville Apartment Loan Programs
As a broker, we compare every program to find your best-fit Nashville apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.16%-6.95% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.15% | Up to 80% | $1M to $7.5M small balance |
| FHA / HUD | 6.12% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.25%-6.50% | Up to 75% | Flexible, value-add |
| Bridge | 9.00% | Up to 80% LTC | Reposition, lease-up |
Most apartment lenders look for a debt-service-coverage ratio (DSCR) of at least 1.25x. For properties over $6 million, see our Nashville multifamily loans.
2026 Nashville Apartment Loan Market: Stabilizing Supply and Steady Demand Shape the Outlook
Nashville enters 2026 in a transition year where demand remains present, while new deliveries gradually cool from the recent cycle. For Nashville investors evaluating apartment building loans, the key inputs behind a strong Nashville apartment loan remain the same: job growth, the pace of construction, vacancy direction, and rent momentum.
Employment
Nashville is projected to add about 10,000 jobs in 2026, supporting steady household formation and keeping renter demand in place even as overall growth normalizes.
Construction and supply
Deliveries are expected to remain meaningful, with roughly 6,200 units slated to complete in 2026. Even so, inventory growth is projected to slow to about 3.0%, which helps the market move closer to balance after the heavier completion years.
Vacancy
As completions trend lower and absorption stays steady, vacancy is forecast to improve again in 2026. The vacancy rate is projected to end near 5.2%, supporting more stable operating performance for Nashville apartment loan properties.
Rent trend
Rent growth is expected to remain positive but restrained as the market works through recent supply. Mean effective rent is projected to edge higher to about $1,620 per month in 2026, reinforcing a steady underwriting backdrop for Nashville apartment building loans.
2026 Nashville forecast at a glance:
- Employment Growth: About 10,000 jobs added in 2026.
- Construction Trends: About 6,200 units projected for delivery, with inventory growth near 3.0%.
- Vacancy: Vacancy projected near 5.2%, with modest improvement expected.
- Rent: Mean effective rent projected near $1,620 per month.
Nashville Multifamily Loans (Over $6 Million)
For larger Nashville apartment properties, we arrange multifamily loans over $6 million through Fannie Mae DUS, Freddie Mac, FHA/HUD and CMBS. These institutional programs offer non-recourse financing, up to 80% LTV and fixed terms up to 30 years, with even longer fully amortizing options through HUD.
See our Nashville multifamily loans page for over-$6 million financing, or explore Fannie Mae and Freddie Mac agency programs.
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Nashville Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Nashville apartment building, we arrange financing for:
- Large urban high-rise apartment buildings
- Suburban garden apartment complexes
- Small apartment buildings with 5+ units
- Underlying cooperative apartment loans
- Portfolios of small apartment and single-family rental properties
- Other multifamily and mixed-use properties
We consider apartment loan requests of all sizes, beginning at $1,500,000.
Other Property & Loan Types We Finance in Nashville
As a full-service commercial mortgage broker, we arrange Nashville financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Nashville Neighborhoods We Serve
Select Commercial provides apartment loans throughout Nashville, Tennessee and the surrounding area, including:
- Hillsboro Village
- 5 Points in East Nashville
- Edgehill Village
- The Gulch
- Elliston Place
- Germantown
- Music Row
- 12 South
- Green Hills
- Sylvan Park
- Sobro
- Wedgewood-Houston
- Berry Hill
- The Nations
- Downtown
- Midtown
- Donelson
- Antioch
For other cities in the state, see Tennessee apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
What Our Clients Say
“I am a veterinarian who purchased an existing practice. I was surprised to find a company that offered 100% financing at a good rate, with great terms and rates for medical office financing.”
Carol K. · Chicago, IL“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 Nashville Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Nashville apartment loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up