Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Tulsa, Oklahoma
Tulsa Apartment Loans in 2026
Select Commercial specializes in Tulsa 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 Oklahoma apartment loans; for loans over $6 million, see Tulsa multifamily loans. See current rates on every loan type we offer.
Get a Free QuoteFinancing Options in Tulsa
Tulsa apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing more of the state? See Oklahoma apartment loans.
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
Tulsa Apartment Loan Rates
Rates updated as of August 19, 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 19, 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 Tulsa Apartment Loan Programs
As a broker, we compare every program to find your best-fit Tulsa 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 Tulsa multifamily loans.
2026 Tulsa Apartment Loan Market: Contracting pipeline, tight vacancy
Tulsa enters 2026 with a sharply reduced construction pipeline and relatively tight vacancy, though job growth is losing momentum.
Employment
Metro payrolls grew about 1.2 percent in 2025, and momentum is expected to soften in the first half of 2026.
Construction and supply
About 1,350 units were under construction, roughly 1.9 percent of existing inventory and more than 50 percent below the cycle peak.
Vacancy
Vacancy is running near 5 percent across the combined Oklahoma market.
Rent trend
Rents rose about 1.7 percent year over year in 2025, with growth generally in the 2 to 3.5 percent range.
2026 Tulsa forecast at a glance:
- Construction well below peak levels
- Vacancy stays near 5 percent
- Rent growth in the low single digits
- Job growth softens early in 2026
Tulsa Multifamily Loans (Over $6 Million)
For larger Tulsa 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 Tulsa 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.
Tulsa Apartment Loan Types We Serve
Whether you are purchasing or refinancing a Tulsa 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 Tulsa
As a full-service commercial mortgage broker, we arrange Tulsa financing across every major property and loan type:
We consider commercial loan requests of all sizes, beginning at $1,500,000.
Tulsa Neighborhoods We Serve
Select Commercial provides apartment loans throughout Tulsa, Oklahoma and the surrounding area, including:
- Brookside
- Cherry Street
- Maple Ridge
- Midtown
- Kendall-Whittier
- Owen Park
- Swan Lake
- Riverview
- Gilcrease
- Florence Park
- Ranch Acres
- Renaissance
- Sunset Terrace
- White City
- Utica Square
- Yorktown
- Terwilleger Heights
- Red Fork
For other cities in the state, see Oklahoma 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 Tulsa Apartment Loan Quote
No cost, no obligation. Written answers within 48 hours on Tulsa 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