South Carolina Apartment Loan Rates
| SC Apartment Loan Rates Less Than $6 Million | Free Loan Quote | ||
|---|---|---|---|
| Loan Type | Rate* | LTV | |
| Apartment Loan 5 Yr Fixed | 5.70% | Up to 80% | |
| Apartment Loan 7 Yr Fixed | 5.74% | Up to 80% | |
| Apartment Loan 10 Yr Fixed | 5.80% | Up to 80% | |
*Rates start as low as the rates stated here. Your rate, LTV, and amortization will be determined by underwriting.
Want a personalized quote? Click here to request a customized loan quote for your South Carolina apartment property.
Need a multifamily loan over $6 million? Visit our South Carolina multifamily loan page. For other commercial property types, explore our South Carolina commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 South Carolina Apartment Loan Market Overview
Entering 2026, South Carolina presents a high-growth apartment market supported by population inflows, job expansion, and favorable business conditions. For borrowers evaluating apartment loans, the state benefits from strong renter demand across Charleston, Columbia, and Greenville. This environment supports apartment building financing strategies focused on absorption, rent growth potential, and long-term demand tied to migration and economic expansion.
Development activity across South Carolina has remained active, particularly in coastal and high-growth metro areas. While new supply has increased, demand continues to keep pace, maintaining balanced vacancy levels. For apartment lenders, South Carolina offers an underwriting profile centered on growth, tenant demand, and forward-looking income performance.
Charleston Anchors South Carolina Apartment Loans
Charleston remains the primary driver of apartment activity across South Carolina. In 2026, the metro is projected to add approximately 15,000 jobs, deliver roughly 5,500 units, maintain vacancy near 6.8%, and reach average effective rent around $1,650 per month. For borrowers seeking an apartment building loan, Charleston offers strong population growth, tourism-driven demand, and diversified employment.
Columbia Provides Government and Education Stability
Columbia offers a stable apartment market supported by state government and the University of South Carolina. The city has a population of approximately 140,000, median household income near $50,000, median rent around $1,300, and median home value near $230,000. These fundamentals support consistent occupancy and income-focused investment strategies.
Greenville Adds Manufacturing and Growth Demand
Greenville contributes a fast-growing apartment market supported by manufacturing and corporate investment. The city has a population of approximately 75,000, median household income near $65,000, median rent around $1,400, and median home value near $300,000. This supports strong renter demand and growth-oriented investment opportunities.
Rent Levels Reflect Southeast Growth
South Carolina continues to see rising rent levels driven by migration and job growth. Charleston is projected near $1,650 per month, with Columbia and Greenville slightly lower depending on submarket. This allows borrowers to structure apartment loans across both core and growth-oriented investment strategies.
2026 South Carolina Apartment Loan Market Forecast
- Employment: Charleston is projected to add approximately 15,000 jobs.
- Construction: Charleston is projected to deliver roughly 5,500 units.
- Vacancy: Vacancy is projected near 6.8%.
- Rent: Average effective rent is projected near $1,650 per month.
For investors comparing apartment loans in South Carolina, 2026 reflects a market driven by growth and migration. Charleston provides the primary scale, while Columbia and Greenville offer complementary opportunities tied to government, education, and manufacturing sectors.
2026 Charleston South Carolina Apartment Loan Market Overview
Charleston is South Carolina's premier apartment market and the anchor for apartment loans in South Carolina, one of the nation's fastest-growing coastal metros anchored by Boeing's 787 Dreamliner manufacturing campus, the Medical University of South Carolina, the U.S. Department of Defense, and a surging technology sector of approximately 250 tech companies. South Carolina is currently the fastest-growing state in the nation, with the Charleston metro adding approximately 32 to 42 new residents per day. The city has a population of approximately 160,965 residents as of 2026, growing at approximately 1.04% annually, having grown approximately 6.55% since the 2020 census. The median household income is approximately $90,038 to $92,414, approximately 20% above the national median, and the median property value is approximately $469,100 to $509,700 as of 2024, approximately 92% above the national median. Approximately 28,947 to 29,479 renter-occupied households represent approximately 44% of all occupied housing units. Current data as of February 21, 2026 shows the average apartment rent at approximately $2,037 per month and the median rent at approximately $2,649, up approximately 8% year-over-year. Construction starts fell approximately 72% in 2024, signaling a rapidly contracting pipeline that will tighten vacancy through 2026. These fundamentals support active demand for South Carolina apartment loans in the state's primary market.
Charleston South Carolina Apartment Loan Rates and Financing in 2026
Financing conditions for South Carolina apartment loans remain active in Charleston in 2026, with lenders supporting stabilized assets near MUSC's academic medical campus, Boeing's North Charleston manufacturing corridor, and the Downtown and Mt. Pleasant premium submarkets, as well as value-add acquisitions in the city's established 1980s through 2000s vintage rental stock. The median property value of approximately $469,100 to $509,700, approximately 92% above the national median, creates significant homeownership barriers that structurally anchor the approximately 44% renter-occupied rate even among Charleston's high-income professional workforce. South Carolina has no statewide rent control and Charleston does not cap rent increases, providing favorable regulatory conditions. For borrowers seeking an apartment building loan in Charleston, the city's daily in-migration of approximately 32 to 42 new residents, a pipeline down approximately 43% year-over-year at end of 2024, and Boeing and MUSC institutional employment anchors provide a compelling underwriting foundation within the broader South Carolina apartment building financing landscape.
Trends in the Charleston South Carolina Apartment Market
Charleston's rental market benefits from a five-pillar employment base anchoring one of the Southeast's most dynamic metros. Boeing's 787 Dreamliner final assembly campus in North Charleston is one of the largest aerospace manufacturing operations in the nation. The Medical University of South Carolina manages over $284 million in biomedical research funding and educates approximately 3,000 students and 700 residents in six colleges. The U.S. Department of Defense operates Joint Base Charleston, a major Air Force and Navy installation. The College of Charleston awarded approximately 2,391 degrees in 2023, the Citadel approximately 1,178 degrees, and MUSC approximately 1,115 degrees. Employment in Charleston grew approximately 1.96% year-over-year from 2023 to 2024, adding approximately 1,600 jobs. Healthcare and social assistance leads with approximately 11,802 workers and professional, scientific, and technical services with approximately 11,408 workers. Approximately 57.7% of Charleston residents hold bachelor's degrees or higher, the highest rate of any major South Carolina city. Remote worker in-migration, though moderated from its 2021-2022 peak, remains well above pre-pandemic levels. These fundamentals continue to attract South Carolina apartment lenders evaluating the state's primary market.
Charleston South Carolina Apartment Loan Rent Levels in 2026
As of February 21, 2026, the average apartment rent in Charleston is approximately $2,037 per month, and the median rent across all property types is approximately $2,649, up approximately 8% year-over-year as of March 2026. By unit type: studios average approximately $1,937/month, one-bedrooms average approximately $1,816 to $1,852/month, two-bedrooms average approximately $1,999 to $2,076/month, and three-bedrooms average approximately $2,286 to $2,510/month. Approximately 52% of all Charleston rentals are priced between $1,501 and $2,000 per month. Downtown Charleston and Mt. Pleasant command the highest rents at approximately $2,606 and $2,245 per month respectively, recording strong 3.2% annual growth even during the broader supply correction. These rent levels support consistent underwriting for apartment loans in South Carolina where Boeing and MUSC demand anchor durable absorption.
Charleston South Carolina Apartment Loan Supply and Demand in 2026
Charleston is transitioning from a supply-heavy correction toward a tightening market in 2026. Following record-breaking deliveries of approximately 5,550 units in 2024, the highest annual total of the century, new completions are projected to decline by approximately 73% in 2025 and apartment starts fell approximately 72% in 2024. Units under construction at end of 2024 were down approximately 43% year-over-year, projecting significantly reduced future deliveries. Average occupancy stabilized at approximately 91.9% in 2025 and is expected to improve through 2026 as the contracting pipeline tightens supply relative to daily in-migration. Approximately 40% of Charleston's rental stock was built between 2000 and 2019, with the 2010s vintage representing the largest cohort at approximately 24% of all units, reflecting a predominantly modern inventory base. Two-bedroom units make up the largest share at approximately 45% of all units. For borrowers pursuing apartment building financing in South Carolina, Charleston's sharply contracting construction pipeline, consistent daily in-migration, and median rent growing 8% year-over-year support an improving underwriting trajectory through 2026.
Opportunities for Apartment Investment in Charleston South Carolina
Investors pursuing a South Carolina apartment loan in Charleston in 2026 are focused on growth and long-term demand near Boeing's North Charleston manufacturing campus and MUSC's medical complex where aerospace and healthcare professional incomes averaging approximately $92,414 median household support consistent above-average rent capacity, value-add acquisitions where the supply correction of 2024 created more favorable entry pricing than the 2022 to 2023 peak cycle, and premium stabilized holds in Downtown Charleston and Mt. Pleasant where even through the broader supply wave these submarkets recorded approximately 3.2% annual rent growth. South Carolina's fastest-growing state status and approximately 32 to 42 new residents arriving daily in the Charleston metro provide extraordinary long-term demand visibility. For South Carolina apartment lenders evaluating the state's primary market, Charleston offers the nation's fastest-growing state population engine, Boeing and MUSC institutional anchors, and a sharply contracting supply pipeline that supports strong long-term performance for apartment building loans throughout the metro.
2026 Columbia South Carolina Apartment Loan Market Overview
Columbia is South Carolina's capital and the anchor of a stable, government and education-driven apartment market for apartment loans in South Carolina, anchored by the University of South Carolina, Fort Jackson, the State of South Carolina's government employment base, Prisma Health, and BlueCross BlueShield of South Carolina. The city has a population of approximately 149,078 residents as of 2026, growing at approximately 1.46% annually, having grown approximately 9.45% since the 2020 census, with the broader Columbia MSA at approximately 837,092 people. The median household income is approximately $55,233 to $55,529 and the median property value is approximately $264,300 to $287,600 as of 2024. The city hosts approximately 50,000 college students annually across six local universities. Approximately 27,307 renter-occupied households represent approximately 53% of all occupied housing units, making Columbia a majority-renter city. Current data as of February 9, 2026 shows the average apartment rent at approximately $1,468 per month, up approximately 2.1% year-over-year, and the median gross rent at approximately $1,249. These fundamentals continue to support active demand for South Carolina apartment loans in the state's capital and university market.
Columbia South Carolina Apartment Loan Rates and Financing in 2026
Financing conditions for South Carolina apartment loans remain favorable in Columbia in 2026, with lenders supporting stabilized assets with predictable income near the University of South Carolina campus, Fort Jackson military installation, and the State Capitol government corridor, as well as value-add acquisitions in the city's large 1990s through 2000s vintage rental stock. The median property value of approximately $264,300 as of 2024 and a cost of living significantly below the national average create a per-unit acquisition cost environment that supports favorable initial yields. Columbia's median gross rent of approximately $1,249 is approximately 29% below the national average, while rent growth of approximately 2.1 to 3.3% annually confirms consistent demand. For borrowers seeking an apartment building loan in Columbia, the city's approximately 53% renter-occupied rate, State of South Carolina institutional employment permanence, and USC's approximately 50,000 annual students provide a consistent and income-focused underwriting profile within the broader South Carolina apartment building financing landscape.
Trends in the Columbia South Carolina Apartment Market
Columbia's rental market benefits from a five-pillar employment and student base. The University of South Carolina-Columbia awarded approximately 10,467 degrees in 2023, the most of any institution in the city by a wide margin, and is one of the largest SEC research universities with approximately 50,000 enrolled students annually across six Columbia-area universities. The State of South Carolina is the city's largest employer, generating thousands of permanent professional and administrative government jobs across state agencies, the legislature, and judiciary. Fort Jackson is the U.S. Army's largest and most active initial entry training installation, generating substantial military household renter demand. Prisma Health and the broader healthcare sector employ approximately 8,634 workers, and educational services approximately 9,348 workers. Employment in Columbia grew approximately 2.62% year-over-year from 2022 to 2023. The city's median age of approximately 28.6 years, the youngest of any major South Carolina city, and 15 to 24 age group at approximately 21% of renters and 25 to 34 age group at 32% of renters reflect one of the most student and young professional-dominated renter bases in the state. These fundamentals continue to attract South Carolina apartment lenders evaluating the state's capital market.
Columbia South Carolina Apartment Loan Rent Levels in 2026
As of February 9, 2026, the average apartment rent in Columbia is approximately $1,468 per month, up approximately 2.1% year-over-year from $1,438. By unit type: studios average approximately $1,046 to $1,280/month, one-bedrooms average approximately $1,175 to $1,300/month, two-bedrooms average approximately $1,371 to $1,516/month, and three-bedrooms average approximately $1,700 to $1,819/month. Approximately 51 to 55% of all Columbia rentals are priced between $1,001 and $1,500 per month. Downtown Columbia commands the highest rents at approximately $2,491/month and Bull Street approximately $2,008/month for one-bedrooms, while South Kilbourne and Belmont offer the most affordable options from approximately $895 to $925/month. Columbia rents are approximately 29% below the national average, supporting some of the highest initial cap rates of any major South Carolina city. These levels support consistent underwriting for apartment loans in South Carolina where USC and Fort Jackson demand anchor year-round absorption.
Columbia South Carolina Apartment Loan Supply and Demand in 2026
Columbia carries a balanced supply-demand profile driven by the consistent annual enrollment cycle of approximately 50,000 students across six local universities, ensuring structural renter demand regardless of broader economic conditions. Approximately 40% of Columbia's rental stock was built between 1990 and 2019, with the 1990s, 2000s, and 2010s each representing approximately 13 to 14% of all units, reflecting a modern and well-maintained inventory base. Two-bedroom units make up the largest share at approximately 38% of all units. The average commute of approximately 17.4 to 17.7 minutes, the shortest of any major South Carolina city, reinforces Columbia's compact urban form that keeps students, government workers, and military personnel close to employers and campus. For borrowers pursuing apartment building financing in South Carolina, Columbia's consistent enrollment-driven demand, government employment permanence, and below-national-average acquisition costs support a stable and predictable underwriting environment.
Opportunities for Apartment Investment in Columbia South Carolina
Investors pursuing a South Carolina apartment loan in Columbia in 2026 are focused on stable income and long-term demand near the University of South Carolina campus where approximately 50,000 enrolled students and USC's approximately 10,467 annual degrees guarantee structural renter demand with consistent lease renewal patterns, value-add acquisitions in the 1990s and 2000s vintage stock where consistent rent growth of approximately 2 to 3% annually and below-national-average acquisition costs support above-average initial yields, and stabilized holds near Fort Jackson where military household renter demand provides off-cycle balance to the student demand calendar. Columbia's median property value of approximately $264,300 and cost of living significantly below the national average provide some of the lowest per-unit entry costs of any major South Carolina market. For South Carolina apartment lenders evaluating the state's capital market, Columbia offers USC's enrollment anchor, State of South Carolina and Fort Jackson institutional employment permanence, and a younger population base than any major South Carolina peer city, supporting strong long-term performance for apartment building loans throughout the metro.
2026 Greenville South Carolina Apartment Loan Market Overview
Greenville is one of the fastest-growing metro areas in the Southeast and a dynamic market for apartment loans in South Carolina, anchored by BMW's massive Spartanburg manufacturing campus, Michelin North America's North American headquarters, GE Aviation, and a diversified manufacturing and professional services economy that has attracted over $1.67 billion in new business investments and 8,702 new jobs over the past five years. The city has a population of approximately 75,842 residents as of 2026, growing at approximately 0.98% annually, with the broader Greenville County at approximately 565,968 people, growing approximately 1.6% annually and approximately 28.52% since 2010. The median household income is approximately $68,460 to $71,472 and the median property value is approximately $453,300 to $487,500 as of 2024, approximately 85% above the national median. Approximately 20,515 renter-occupied households represent approximately 59% of all occupied housing units, making Greenville a majority-renter city. Current data as of February 21, 2026 shows the average apartment rent at approximately $1,568 per month, up approximately 0.71% year-over-year, with vacancy in the mid-single digits at approximately 5 to 7% and occupancy at approximately mid-90s percent. These fundamentals support active demand for South Carolina apartment loans in the state's fastest-growing metro.
Greenville South Carolina Apartment Loan Rates and Financing in 2026
Financing conditions for South Carolina apartment loans remain favorable in Greenville in 2026, with lenders supporting growth-oriented assets near BMW's Spartanburg manufacturing corridor, the Downtown Greenville and West End revitalization district, and the Prisma Health and Bon Secours healthcare employment corridors. The median property value of approximately $453,300 to $487,500, approximately 85% above the national median, creates meaningful homeownership barriers that structurally anchor the approximately 59% renter-occupied rate. Greenville's cost of living is approximately 7.2 to 7.4% below the national average, and average weekly wages in Greenville County reached approximately $1,294 in early 2025, reflecting strong employment income that supports consistent rent capacity. For borrowers seeking an apartment building loan in Greenville, the county's consistent 1.4 to 1.9% annual population growth, record total employment of approximately 300,313 jobs leading all South Carolina counties, and BMW and Michelin institutional employment anchors provide a compelling underwriting profile within the broader South Carolina apartment building financing landscape.
Trends in the Greenville South Carolina Apartment Market
Greenville's rental market benefits from one of the Southeast's most concentrated advanced manufacturing and corporate headquarters clusters. BMW's Spartanburg plant, located adjacent to Greenville, is the company's largest production facility globally and a major anchor employer. Michelin North America maintains its North American headquarters in Greenville. GE Aviation operates a significant presence. Prisma Health and Bon Secours St. Francis Health System are the two largest healthcare employers. Healthcare and social assistance leads employment at approximately 6,281 workers, professional, scientific, and technical services at approximately 5,661 workers, and manufacturing at approximately 5,454 workers. Greenville Technical College awarded approximately 3,516 degrees in 2023, the most of any institution in the city. South Carolina recorded approximately 68,000 net domestic migrants between 2023 and 2024, with metropolitan Greenville County among the primary beneficiaries. The city's median age of approximately 34.7 years and 25 to 34 age group at 36% of renters reflect a prime young professional demographic. These fundamentals continue to attract South Carolina apartment lenders evaluating the state's growth market.
Greenville South Carolina Apartment Loan Rent Levels in 2026
As of February 21, 2026, the average apartment rent in Greenville is approximately $1,568 per month, up approximately 0.71% year-over-year, and the median rent across all property types is approximately $1,495. By unit type: studios average approximately $1,251/month, one-bedrooms average approximately $1,109 to $1,430/month, two-bedrooms average approximately $1,326 to $1,658/month, and three-bedrooms average approximately $1,816 to $1,896/month. Approximately 46% of all Greenville rentals are priced between $1,001 and $1,500 per month. Downtown Greenville commands the highest rents at approximately $2,840/month, and the Congaree Vista averages approximately $1,665/month for one-bedrooms. Greenville rents are approximately 21% below the national average on a median basis, providing favorable initial cap rates relative to acquisition costs. These levels support consistent underwriting for apartment loans in South Carolina where BMW, Michelin, and healthcare professional demand anchor durable absorption.
Greenville South Carolina Apartment Loan Supply and Demand in 2026
Greenville's rental market operates in a balanced supply-demand environment, with vacancy in the mid-single digits at approximately 5 to 7% and occupancy at approximately mid-90s percent across established properties. The post-pandemic supply wave has normalized with new development continuing at a more measured pace in 2025, and any new supply softness is viewed as temporary in select submarkets. Greenville County recorded total employment of approximately 300,313 jobs in March 2025, the most of any South Carolina county, with approximately 1.7% employment growth year-over-year confirming demand-side absorption. Approximately 42% of Greenville's rental stock was built between 1990 and 2019, with the 2010s vintage representing the largest cohort at approximately 27% of all units, reflecting a modern inventory base. Two-bedroom units make up the largest share at approximately 43% of all units. For borrowers pursuing apartment building financing in South Carolina, Greenville's balanced vacancy, consistent employment growth leading all South Carolina counties, and in-migration from higher-cost metros support a favorable underwriting environment.
Opportunities for Apartment Investment in Greenville South Carolina
Investors pursuing a South Carolina apartment loan in Greenville in 2026 are focused on growth and long-term demand from BMW, Michelin, and GE Aviation corporate campuses where advanced manufacturing and engineering professional incomes averaging approximately $1,294 weekly in the county support consistent above-average rent capacity, value-add acquisitions where Greenville's strong absorption and moderate supply pipeline support steady repositioning returns at below-national-average entry costs, and Downtown Greenville and West End stabilized holds where revitalization investment and walkability command premium rents of approximately $2,840/month. Greenville County's 28.52% population increase since 2010 and status as South Carolina's largest county by population provide extraordinary long-term demand visibility. For South Carolina apartment lenders evaluating the state's fastest-growing metro, Greenville offers BMW, Michelin, and GE Aviation institutional employment anchors, South Carolina's leading employment county, and consistent in-migration that supports strong long-term performance for apartment building loans throughout the metro.
Why Choose Select Commercial for Apartment Loans
What sets Select Commercial apart from traditional lenders and large banks? In this short video, we highlight the key reasons apartment building investors choose to work with us for South Carolina apartment loans between $1.5 million and $6 million. We also actively finance multifamily loans exceeding $6 million.
Here’s what the video touches on:
- No upfront application or processing fees
- Fast written pre-approvals often within 24 hours
- Access to a wide range of apartment lenders, not just one bank
- Loan structures tailored to your property and investment goals
Apartment Property Types We Finance in South Carolina
At Select Commercial, we arrange financing for a wide range of South Carolina apartment buildings, from smaller 5+ unit walkups to large portfolios of rental properties. Whether your property is urban, suburban, or mixed-use, we can help you secure the right loan structure based on your investment goals.
- Urban mid-rise and high-rise apartment buildings
- Suburban garden-style apartment complexes
- Small apartment buildings with 5+ units
- Mixed-use properties with residential and limited commercial space
- Underlying co-op apartment building loans
- Portfolios of small apartment or single-family rental properties
- Stabilized buildings with strong cash flow and rent history
If you're not sure whether your property qualifies, contact us for a free quote and we'll review your deal and let you know within 24 hours.
Recent Apartment Loan Closings
Why South Carolina Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the South Carolina apartment loan market. We're not just brokers, we provide personalized service, fast answers, and access to top institutional lenders without the bureaucracy of traditional banks.
- Over 30 years of apartment loan experience with a national platform
- No upfront fees and fast pre-approvals, often within 24 hours
- Direct access to top lenders offering aggressive terms
- Dedicated support from quote to closing
Want to see why so many clients return to us for their next deal? Start with a free quote – we'll review your scenario and respond quickly.
Our Reviews
Latest Expert Insights from Stephen A. Sobin
Stephen A. Sobin, the president of Select Commercial Funding LLC, is a renowned expert in the field of multifamily financing. His insights and perspectives are regularly sought by leading industry publications. Here are his latest contributions that highlight his deep understanding of the multifamily financing landscape and his commitment to providing clear, insightful analysis on key industry issues.
Navigating Opportunity, Risk as 2025 Winds Down
In an article for Commercial Property Executive titled "Navigating Opportunity, Risk as 2025 Winds Down", Sobin explains as we head into the final stretch of 2025, the commercial real estate industry stands at a pivotal moment. After several years of upheaval—from pandemic disruptions to aggressive Federal Reserve rate hikes and lasting shifts in how people live and work—the sector is entering a new phase.
Why Lower Rates Haven't Fixed Commercial Real Estate
In an article for Wealth Management titled "Why Lower Rates Haven't Fixed Commercial Real Estate", Sobin explains that even as the Federal Reserve has begun cutting rates and borrowing costs should be falling, the commercial real estate sector remains locked in a frustrating stalemate. For high-net-worth investors trying to time the market, he emphasizes that understanding this disconnect requires looking beyond the headlines.
Why the Fed Rate Cut’s a Game Changer for CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that after months of speculation and market anticipation, the Federal Reserve finally pulled the trigger last week, cutting the federal funds rate by 25 basis points to 4.00 to 4.25 percent. read the full article.
Inflation's Current Impact on Apartment
In an article featured in Multi-Housing News, Sobin explains how commercial mortgage rates continue to challenge investors, with elevated inflation depressing real estate market activity. Read the full article.
Will the July Jobs Report Pressure the Fed to Act?
Sobin noted in Multi-Housing News that unemployment hit a three-year high and job creation slowed significantly, factors that could push the Fed to reconsider future rate hikes. Read the full article.
Persistent Inflation and Its Effects on CRE
In an article featured in Multi-Housing News, Stephen Sobin highlighted that while inflation is still a challenge for the Federal Reserve, there are many positive signs for the commercial real estate industry. The headline Consumer Price Index rose 3.2 percent for the year ended Feb. 29, a figure 20 basis points lower than the Dec. 31, 2023, rate. read the full article.
Commercial Spotlight: Mid-Atlantic Region In this four-state powerhouse, smaller metros are thriving.
In a feature in Scotsman Guide, the Mid-Atlantic Region's real estate dynamics are explored, highlighting its resilience and growth amidst the pandemic.
Stephen Sobin of Select Commercial Funding LLC shared insights on the New York market's allure and the challenges buyers face. He noted the shift from primary urban areas to tertiary markets due to evolving preferences and financial conditions. For a deeper dive into Sobin's analysis, read the full article.
What the New Jobs Report Means for CRE
In an article titled "What the New Jobs Report Means for CRE" in Commercial Property Executive, Stephen Sobin shared his perspective on the latest jobs report and its implications for the Commercial Real Estate (CRE) sector. He highlighted the challenges posed by high interest rates and the prevailing uncertainty in the market. Sobin remarked, "Sellers aren’t selling, buyers aren’t buying... Everyone is waiting because no one knows what to expect." For a detailed analysis and more of Sobin's insights, read the full article.
Decoding "Junk Fees" in Rental Housing
In another latest contribution to Multi-Housing News, Sobin provided expert commentary in an article titled "What's Next for Junk Fees? The Industry Weighs In". He clarified the difference between legitimate fees collected for various third-party services and so-called "junk fees". Sobin emphasized the importance of borrowers understanding their rights in negotiating all loan terms and the obligation of lenders to disclose all fees.
Understanding the Impact of Federal Reserve's Decisions
In a recent article titled "How the Fed's Pause on Interest Rates Impacts Multifamily" published by Multi-Housing News, Sobin shared his expert insights on the Federal Reserve's decision to pause interest rate hikes. He accurately predicted that the Fed would not raise rates in June, citing recent bank failures and lingering concerns about a potential recession.
Stay tuned for more expert insights from Stephen A. Sobin on the evolving multifamily financing landscape.
Frequently Asked Questions About South Carolina Apartment Loans
South Carolina apartment loan rates vary depending on several factors such as loan-to-value ratio (LTV), property type, borrower experience, and market conditions. As of 2025, rates remain elevated due to ongoing inflation concerns, but borrowers with strong credit and high-quality assets can still find competitive pricing. Check our latest apartment loan rates for current updates.
Most lenders require a DSCR of at least 1.25, good borrower credit, net worth, liquidity, and experience. Loan-to-value ratios in 2025 typically range from 65% to 80%, due to elevated interest rates. Properties with strong occupancy and clean financials stand a better chance of qualifying.
Most lenders require 20% to 25% down for apartment loans in South Carolina. Your loan-to-value ratio will be subject to the property's debt service coverage ratio.
A qualified broker like Select Commercial can present your loan to many different capital sources, including banks, credit unions, CMBS, agency lenders, and private funds. This increases the odds of approval and helps you secure the most favorable terms available.
The process starts with gathering financials like a rent roll, trailing 12-month income and expense statement, borrower resume, and net worth statement. A mortgage broker will analyze your documents and match you with the best lending program. Start with a Free Quote today.
Absolutely. While this page focuses on apartment loans under $6 million, Select Commercial also arranges smaller balance loans for qualified borrowers. Visit our multifamily loan page for options over $6 million.
Agency Small Balance Apartment Loan Programs
Select Commercial connects borrowers with top-tier agency small balance loan programs in addition to bank and private capital options. Featured programs include:
- Fannie Mae® Small Loan Program – For apartment properties with 5+ units and loan sizes from $1 million to $6 million
- Freddie Mac® Small Balance Loan (SBL) Program – Streamlined financing solutions up to $6 million
- Loans Over $6 Million – Explore large-balance apartment loan programs in South Carolina
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
South Carolina Apartment Building Financing
Select Commercial provides apartment building financing and South Carolina commercial mortgages throughout the state of South Carolina including but not limited to the areas below.