Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Kansas
Kansas Apartment Loans
Select Commercial arranges Kansas apartment loans from $1,500,000, up to 80% LTV, with rates as low as 5.68%. We compare Fannie Mae, Freddie Mac, FHA, bank and bridge programs to fit your property. For loans over $6 million, see multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Kansas
Kansas apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Kansas commercial mortgages.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Kansas Apartment Loan Rates
Rates updated as of August 20, 2026
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 6.08% | Up to 80% |
| 7 Year Fixed | 6.19% | Up to 80% |
| 10 Year Fixed | 6.28% | Up to 80% |
| Loan Type | Rate* | Max LTV |
|---|---|---|
| 5 Year Fixed | 5.68% | Up to 75% |
| 7 Year Fixed | 5.79% | Up to 75% |
| 10 Year Fixed | 5.88% | 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 20, 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 Kansas Apartment Loan Programs
As a broker we compare every program for your best-fit Kansas apartment financing:
| Program | Typical rate* | Max leverage | Best for |
|---|---|---|---|
| Fannie Mae Small Loan | 6.08% | Up to 80% | Non-recourse, fixed to 30 yrs |
| Freddie Mac SBL | 6.15% | Up to 80% | $2M to $10M 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.
2026 Kansas Apartment Loan Market
Across the Midwest, major apartment markets entered 2026 with vacancy in the high-3% to mid-4% range, near 3.9% regionally. Demand outpaces new supply in most metros, with only moderate vacancy upticks in Chicago and Ohio markets.
Major Kansas markets we finance:
Across Kansas, we arrange apartment building loans from $1,500,000 through agency, bank, FHA and bridge programs. Your rate and leverage are driven by the property’s cash flow and the deal metrics shown above.
Kansas Apartment Loan Types We Serve
We arrange financing across Kansas for:
- Urban high-rise apartment buildings
- Suburban garden apartment complexes
- Small apartment buildings with 5+ units
- Underlying cooperative apartment loans
- Portfolios of small apartment and rental properties
- Mixed-use and other multifamily property
Apartment Loans Across Kansas
We provide apartment loans throughout Kansas, including these markets:
For properties over $6 million, see our multifamily loans; nationwide, we lend in most major U.S. cities.
Recent Apartment Loan Closings
A sample of apartment and multifamily loans we have arranged for investors nationwide.
Other Property & Loan Types We Finance in Kansas
As a full-service commercial mortgage broker, we arrange Kansas 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
“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 Kansas Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Kansas 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
Kansas City Spotlights: 2026 Apartment Market Notes
Beyond the major metros, we finance apartment buildings across Kansas. Current market notes for cities where borrowers ask us to lend:
- Topeka: median 1-bedroom rent about $688, down 11% year over year (Zumper, August 2026), the state capital and one of the most affordable markets we serve.
National baseline for context: the U.S. median rent was $1,388 in July 2026, down 1.1% year over year, with rental vacancy near 7.2% (national rent report, July 2026). Each city above links to our local commercial mortgage page, and we finance 5+ unit apartment properties in every Kansas market from $1,500,000.