Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Raleigh, North Carolina
Raleigh Apartment Loans in 2026
Select Commercial specializes in Raleigh apartment loan solutions for local investors, plus apartment building financing for larger properties and portfolios, with rates as low as 5.68% and up to 80% LTV. For properties elsewhere in the state, see our North Carolina apartment loans; for loans over $6 million, see Raleigh multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Raleigh
Raleigh apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See North Carolina apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Raleigh Apartment Loan Rates
Rates updated as of August 23, 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 23, 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 Raleigh Apartment Loan Programs
As a broker, we compare every program to find your best-fit Raleigh apartment financing. Typical starting points for properties under $6 million:
| 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. For properties over $6 million, see our Raleigh multifamily loans.
2026 Raleigh Apartment Loan Market: Effects of Recent Supply Expansion Begin to Subside
As construction slows and the market absorbs the 2023 to 2024 supply surge, Raleigh's fundamentals are firming and investor confidence is improving. Strong household growth and robust employment gains underpin the outlook.
Employment
Raleigh's employment base will expand by 9,000 jobs in 2026, ranking 10th in annual growth among major metros, driven by gains in healthcare and professional services.
Construction and supply
A broader slowdown will bring Raleigh's annual inventory growth down to 2.9 percent, with Northwest Raleigh seeing no new supply for the second straight year.
Vacancy
Despite a moderate pullback in net absorption, vacancy will decline to 5.0 percent, its lowest level since 2021 and a third consecutive year of tightening.
Rent trend
The average effective rent rises to $1,490 per month, among the higher levels for tertiary metros, though its growth rate ranks second slowest within that group.
2026 Raleigh forecast at a glance:
- Employment grows by 9,000 jobs, 10th among major metros.
- Inventory growth slows to 2.9 percent as deliveries ease.
- Vacancy declines to 5.0 percent, the lowest since 2021.
- Average effective rent rises to $1,490 per month.
Raleigh Multifamily Loans (Over $6 Million)
For larger Raleigh 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 Raleigh 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.
Raleigh Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Raleigh 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 Raleigh
As a full-service commercial mortgage broker, we arrange Raleigh financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Raleigh Neighborhoods We Serve
Select Commercial provides apartment loans throughout Raleigh, North Carolina and the surrounding area, including:
- Downtown Raleigh
- North Hills
- Five Points
- Village District
- Glenwood South
- Boylan Heights
- Oakwood
- Mordecai
- Brier Creek
- Hayes Barton
- Warehouse District
- Fayetteville Street District
- Cameron Park
- Midtown
- Inside the Beltline
- Wade Avenue
For other cities in the state, see North Carolina 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 Raleigh Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Raleigh 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