Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Oklahoma City, Oklahoma
Oklahoma City Apartment Loans in 2026
Select Commercial specializes in Oklahoma City apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.74% and up to 80% LTV. For properties elsewhere in the state, see our Oklahoma apartment loans; for loans over $6 million, see Oklahoma City multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Oklahoma City
Oklahoma City apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Oklahoma apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Oklahoma City 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 | 5.76% | Up to 75% |
| 7 Year Fixed | 5.74% | Up to 75% |
| 10 Year Fixed | 5.76% | 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 12, 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 Oklahoma City Apartment Loan Programs
As a broker, we compare every program to find your best-fit Oklahoma City 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 Oklahoma City multifamily loans.
2026 Oklahoma City Apartment Loan Market: Thinning pipeline supports stability
Oklahoma City heads into 2026 with the lowest apartment construction pipeline in over a decade, setting the stage for firmer occupancy and rent as supply pressure fades.
Employment
Metro employment is forecast to grow about 0.6 percent in 2026, adding roughly 4,500 jobs, with the unemployment rate among the lowest of large US metros at about 3.2 percent.
Construction and supply
After roughly 2,200 units were delivered in 2025, only about 300 units came online in the first quarter of 2026, and new permits have fallen more than 60 percent from their recent peak.
Vacancy
Vacancy is running near 5 percent, tight relative to many Sun Belt peers.
Rent trend
Rent growth was modest in early 2026 and is projected to strengthen toward roughly 3 percent as the supply pipeline thins.
2026 Oklahoma City forecast at a glance:
- Construction pipeline at a decade low
- Vacancy stays near 5 percent
- Rent growth accelerates toward 3 percent
- Low unemployment supports demand
Oklahoma City Multifamily Loans (Over $6 Million)
For larger Oklahoma City 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 Oklahoma City 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.
Oklahoma City Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Oklahoma City 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 Oklahoma City
As a full-service commercial mortgage broker, we arrange Oklahoma City financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Oklahoma City Neighborhoods We Serve
Select Commercial provides apartment loans throughout Oklahoma City, Oklahoma and the surrounding area, including:
- Bricktown
- Midtown
- Mesta Park
- Heritage Hills
- Paseo
- Automobile Alley
- Nichols Hills
- The Village
- Crown Heights
- Edgemere Park
- Gatewood
- Capitol Hill
- Deep Deuce
- Plaza District
- Belle Isle
- Cleveland
- Linwood
- Putnam Heights
For other cities in the state, see Oklahoma 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 Oklahoma City Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Oklahoma City 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