Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
San Bernardino, California
San Bernardino Apartment Loans in 2026
Select Commercial specializes in San Bernardino 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 San Bernardino multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in San Bernardino
San Bernardino 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.
San Bernardino 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 San Bernardino 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 4, 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 San Bernardino Apartment Loan Programs
As a broker, we compare every program to find your best-fit San Bernardino 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 | 6.14% | Up to 80% | $1M to $7.5M small balance |
| FHA / HUD | 6.16% | Up to 85% | Highest leverage, longest term |
| Bank / portfolio | 6.74% | 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 San Bernardino multifamily loans.
2026 San Bernardino Apartment Loan Market: Inland Empire Vacancy Improves Amid Limited New Supply
San Bernardino, part of the Inland Empire market, continues to record limited inventory growth as apartment vacancy declines for a second year. Western portions of the county present opportunities to acquire rentals near low-vacancy office buildings.
Employment
The metro gains 2,500 jobs in 2026, its smallest annual increase since 2020.
Construction and supply
Following two straight years of 2 percent-plus inventory growth, multifamily stock expands by just 1.1 percent in 2026, matching the metro's prior 10-year average.
Vacancy
The Inland Empire is projected to record one of the steepest year-over-year vacancy declines among primary U.S. metros, bringing vacancy to 4.0 percent by December, with the city of San Bernardino likely holding in the 4 percent range.
Rent trend
The market's average effective rent rises to $2,350 per month, a growth rate that ranks fastest among the four major Southern California markets.
2026 San Bernardino forecast at a glance:
- The metro gains 2,500 jobs, its smallest increase since 2020.
- Inventory expands 1.1 percent, matching the prior 10-year average.
- Vacancy falls to 4.0 percent, with the city holding in the 4 percent range.
- Average effective rent rises to $2,350 per month.
San Bernardino Multifamily Loans (Over $6 Million)
For larger San Bernardino 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 San Bernardino 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.
San Bernardino Apartment Loan Types We Serve
Whether you are purchasing or refinancing a San Bernardino 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 San Bernardino
As a full-service commercial mortgage broker, we arrange San Bernardino financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
San Bernardino Neighborhoods We Serve
Select Commercial provides apartment loans throughout San Bernardino, California and the surrounding area, including:
- Downtown San Bernardino
- Del Rosa
- Verdemont
- University District
- Northpark
- Shandin Hills
- Little Mountain
- Perris Hill
- Arrowhead
- Muscoy
- Central City
- Sterling
- Mount Vernon
- Baseline corridor
- Highland Avenue corridor
- Inland Center
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 · Sacramento · Lancaster · Stockton · Long Beach · Oakland · Pasadena · Riverside · 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 San Bernardino Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on San Bernardino 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