Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Sacramento, California
Sacramento Apartment Loans in 2026
Select Commercial specializes in Sacramento 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 California apartment loans; for loans over $6 million, see Sacramento multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Sacramento
Sacramento 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.
Sacramento 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 Sacramento 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 6, 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 Sacramento Apartment Loan Programs
As a broker, we compare every program to find your best-fit Sacramento 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 Sacramento multifamily loans.
2026 Sacramento Apartment Loan Market: Suburban Strength Offsets CBD Uncertainty as Vacancy Compresses
Sacramento enters 2026 with improving renter demand and vacancy trending lower, while performance varies more than usual between the urban core and the suburbs. For investors comparing apartment building loans, the fundamentals behind a stable Sacramento apartment loan remain the focus: employment trends, the pace of deliveries, vacancy direction, and rent momentum across key submarkets.
Employment
Job losses are expected to slow in 2026, with a net decline of about 3,000 positions (approximately -0.3%). Resilience in government, education, and healthcare continues to support the labor market and helps keep renter demand in place for Sacramento apartment loan properties.
Construction and supply
Deliveries are projected at about 1,700 units in 2026, the lowest level since 2021 and roughly in line with the metro's decade-long average. This reduces pressure compared to the recent peak years, but supply remains meaningful enough that submarket selection still matters when structuring a Sacramento apartment building loan.
Vacancy
Net absorption is projected to just exceed new supply, pushing vacancy down to about 4.3% in 2026, roughly 10 bps lower year over year. That places vacancy about 50 basis points below Sacramento's long-term average, reflecting improving renter demand even with mixed performance between the city and the suburbs.
Rent trend
Sustained vacancy compression over the past three years has supported steady rent growth. Average effective rent is projected to reach about $2,045 per month in 2026, up roughly 1.7%. Even with the increase, Sacramento remains the most affordable major market in California, which can help support demand for a stabilized Sacramento apartment loan.
2026 Sacramento forecast at a glance:
- Employment: Net decline of about 3,000 jobs in 2026 (approximately -0.3%).
- Construction: About 1,700 units projected for delivery in 2026.
- Vacancy: Vacancy projected near 4.3%, improving by roughly 10 bps.
- Rent: Average effective rent projected near $2,045 per month, up about 1.7%.
Sacramento Multifamily Loans (Over $6 Million)
For larger Sacramento 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 Sacramento 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.
Sacramento Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Sacramento 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 Sacramento
As a full-service commercial mortgage broker, we arrange Sacramento financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Sacramento Neighborhoods We Serve
Select Commercial provides apartment loans throughout Sacramento, California and the surrounding area, including:
- Land Park
- Alkali Flat
- Mansion Flats
- Downtown
- East Sacramento
- Richmond Grove
- Old Sacramento
- Midtown
- Curtis Park
- Oak Park
- Tahoe Park
- River Park
- Natomas
- Pocket-Greenhaven
- South Land Park
- Elmhurst
- Del Paso Heights
- Hollywood Park
- North Sacramento
- Southside Park
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 · Lancaster · Stockton · Long Beach · Oakland · 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 Sacramento Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Sacramento 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