Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Oakland, California
Oakland Apartment Loans in 2026
Select Commercial specializes in Oakland apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.81% and up to 80% LTV. For properties elsewhere in the state, see our California apartment loans; for loans over $6 million, see Oakland multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Oakland
Oakland apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See California apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Oakland Apartment Loan Rates
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.16% | Up to 80% |
| 7 Year Fixed | 6.14% | Up to 80% |
| 10 Year Fixed | 6.16% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.81% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.81% | 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 11, 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 Oakland Apartment Loan Programs
As a broker, we compare every program to find your best-fit Oakland apartment financing. Typical starting points for properties under $6 million:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.16% | 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% | 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 Oakland multifamily loans.
2026 Oakland Apartment Loan Market: Regional Economic Upswing Supports a Tightening Rental Market
Oakland sits within the greater San Francisco Bay market, which is poised to benefit from a regional economic upswing. A shrinking construction pipeline and high barriers to homeownership continue to support rent growth across the Bay Area.
Employment
The San Francisco metro will see fewer jobs lost in 2026 than in any of the prior three years, though the loss of white-collar roles continues to outweigh gains in other sectors.
Construction and supply
The delivery pipeline will contract further this year, marking the lowest level the metro has seen since 2012, with two-thirds of total deliveries opening in San Mateo and Redwood City.
Vacancy
After strong compression last year, the overall metric will tick up to 4.3 percent by December, still 70 basis points below the metro's long-term average.
Rent trend
Rents will continue to steadily increase, with the average effective rent reaching $3,220 per month by year-end, up 3.4 percent.
2026 Oakland forecast at a glance:
- Job losses ease to the smallest total in four years.
- The delivery pipeline shrinks to its lowest level since 2012.
- Vacancy ticks up to 4.3 percent, still below the long-term average.
- Average effective rent reaches $3,220 per month, up 3.4 percent.
Oakland Multifamily Loans (Over $6 Million)
For larger Oakland 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 Oakland 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.
Oakland Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Oakland 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 Oakland
As a full-service commercial mortgage broker, we arrange Oakland financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Oakland Neighborhoods We Serve
Select Commercial provides apartment loans throughout Oakland, California and the surrounding area, including:
- Rockridge
- Temescal
- Lake Merritt
- Jack London Square
- Fruitvale
- Grand Lake
- Montclair
- Piedmont Avenue
- Uptown
- Old Oakland
- West Oakland
- Dimond District
- Laurel
- Adams Point
- Glenview
- Chinatown
For other cities in the state, see California apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Los Angeles · San Jose · Sacramento · Lancaster · Stockton · Long Beach · Pasadena · Riverside · San Bernardino · San Diego · San Francisco · Concord · Fresno · All California · Other U.S. cities
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 Oakland Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Oakland 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