Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Plano, Texas
Plano Apartment Loans in 2026
Select Commercial specializes in Plano 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 Texas apartment loans; for loans over $6 million, see Plano multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Plano
Plano apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Texas apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Plano 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 Plano 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 10, 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 Plano Apartment Loan Programs
As a broker, we compare every program to find your best-fit Plano 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 Plano multifamily loans.
2026 Plano Apartment Loan Market: Metro supply pullback aids recovery
Plano's apartment market reflects broader Dallas Fort Worth conditions, where a sharp pullback in new supply is setting the stage for gradual rebalancing in 2026.
Employment
The Dallas Fort Worth metro is projected to add roughly 50,000 jobs in 2026, about 1.2 percent growth, with Plano's Legacy West corridor anchoring steady professional demand.
Construction and supply
Across Dallas Fort Worth, new deliveries have fallen toward their lowest level since 2022, with the construction pipeline about 43 percent below its 2023 peak.
Vacancy
Vacancy across the metro is elevated but projected to tighten by roughly 30 basis points by year end as supply slows.
Rent trend
Class A rents across the metro rose about 3.2 percent year over year in early 2026, though concessions persist in supply heavy suburban submarkets such as Plano and Frisco.
2026 Plano forecast at a glance:
- Supply pullback aids recovery
- Vacancy peaks then tightens
- Rent growth strengthens later in 2026
- Legacy West anchors demand
Plano Multifamily Loans (Over $6 Million)
For larger Plano 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 Plano 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.
Plano Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Plano 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 Plano
As a full-service commercial mortgage broker, we arrange Plano financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Plano Neighborhoods We Serve
Select Commercial provides apartment loans throughout Plano, Texas and the surrounding area, including:
- Legacy
- Willow Bend
- West Plano
- East Plano
- Deerfield
- Los Rios
- Haggard Farm
- Preston Meadow
- Ridgeview Ranch
- Hunters Glen
- Russell Creek
- Prairie Creek
- Shoshoni Trails
- Kings Ridge
- Timberbrook
- Steeplechase
- Old Shepard Place
- Downtown Plano
For other cities in the state, see Texas apartment loans.
Nearby Apartment Loan Markets
We finance apartment buildings nationwide. Explore related markets:
Houston · Dallas · Austin · San Antonio · El Paso · Lubbock · Arlington · Fort Worth · All Texas · 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 Plano Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Plano 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