Utah Apartment Loan Rates
| UT 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.
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Need a multifamily loan over $6 million? Visit our Utah multifamily loan page. For other commercial property types, explore our Utah commercial mortgage options. To compare all rates nationwide, see commercial mortgage rates.
2026 Utah Apartment Loan Market Overview
Entering 2026, Utah presents a high-growth apartment market supported by strong population inflows, a young demographic base, and expanding employment in technology, finance, and healthcare. For borrowers evaluating apartment loans, the state benefits from consistent renter demand across Salt Lake City and surrounding Wasatch Front markets. This environment supports apartment building financing strategies focused on long-term growth, absorption, and durable occupancy trends.
Development activity across Utah has been elevated in recent years, particularly in Salt Lake City, though new supply is beginning to moderate. Vacancy remains manageable as demand continues to absorb units, especially in well-located submarkets. For apartment lenders, Utah offers an underwriting profile centered on population growth, strong household formation, and long-term economic expansion.
Salt Lake City Anchors Utah Apartment Loans
Salt Lake City remains the primary driver of apartment activity across Utah. In 2026, the metro is projected to add approximately 18,000 jobs, deliver roughly 6,000 units, maintain vacancy near 6.2%, and reach average effective rent around $1,550 per month. For borrowers seeking an apartment building loan, Salt Lake City offers strong population growth, diversified employment, and sustained renter demand.
Provo Adds University and Tech Demand
Provo contributes a growing apartment market supported by Brigham Young University and expanding tech employment. The city has a population of approximately 115,000, median household income near $70,000, median rent around $1,400, and median home value near $420,000. These fundamentals support strong renter demand and long-term investment potential.
Ogden Provides Affordability and Growth Balance
Ogden offers a more affordable apartment market within the Wasatch Front region. The city has a population of approximately 90,000, median household income near $60,000, median rent around $1,300, and median home value near $350,000. This supports steady renter demand and workforce housing investment strategies.
Rent Levels Reflect Western Growth Markets
Utah continues to show rising rent levels driven by population growth and economic expansion. Salt Lake City is projected near $1,550 per month, with Provo and Ogden slightly lower depending on submarket. This allows borrowers to structure apartment loans across both growth-oriented and workforce housing strategies.
2026 Utah Apartment Loan Market Forecast
- Employment: Salt Lake City is projected to add approximately 18,000 jobs.
- Construction: Salt Lake City is projected to deliver roughly 6,000 units.
- Vacancy: Vacancy is projected near 6.2%.
- Rent: Average effective rent is projected near $1,550 per month.
For investors comparing apartment loans in Utah, 2026 reflects a market driven by population growth and long-term economic expansion. Salt Lake City provides the primary scale, while Provo and Ogden offer complementary opportunities tied to education, technology, and affordability-driven demand.
2026 Salt Lake City Utah Apartment Loan Market Overview
Salt Lake City is Utah's capital and the dominant anchor for apartment loans in Utah, a high-growth tech and finance metro anchored by Goldman Sachs, Adobe, Discover Financial Services, Wells Fargo, and a technology sector that has earned the Wasatch Front the nickname "Silicon Slopes." Utah ranks #1 nationally for cost-of-living-adjusted median household income, approximately 27% above the U.S. average after adjustments, reflecting exceptional real income growth. The city has a population of approximately 203,888 to 226,341 residents as of 2026, growing at approximately 1.93% annually, having grown approximately 12.79% since the 2020 census. The median household income is approximately $74,925 to $75,090, near the national median, and the median property value is approximately $495,700 as of 2023, up approximately 8.09% year-over-year, approximately 102% above the national median. Approximately 47,326 renter-occupied households represent approximately 53% of all occupied housing units. Current data as of March 23, 2026 shows the average apartment rent at approximately $1,566 per month, essentially flat year-over-year, as the market digests a supply cycle, with more than half of Salt Lake City landlords offering concessions as supply stabilizes ahead of a tightening outlook. These fundamentals support active demand for Utah apartment loans in the state's primary market.
Salt Lake City Utah Apartment Loan Rates and Financing in 2026
Financing conditions for Utah apartment loans remain active in Salt Lake City in 2026, with lenders supporting stabilized and growth assets near Goldman Sachs's Salt Lake City financial campus, Adobe's Silicon Slopes technology corridor, the University of Utah research district, and the Downtown and Sugar House premium submarkets. The median property value of approximately $495,700, approximately 102% above the national median, creates very significant homeownership barriers that structurally anchor the approximately 53% renter-occupied rate even in a state with the nation's #1 cost-of-living-adjusted median household income. Utah's state median household income of approximately $91,750 reflects the Silicon Slopes technology employment premium. For borrowers seeking an apartment building loan in Salt Lake City, the city's 1.93% annual population growth, Goldman Sachs and Adobe tech sector anchors, and homeownership barriers at 102% above the national median provide a compelling underwriting profile within the broader Utah apartment building financing landscape.
Trends in the Salt Lake City Utah Apartment Market
Salt Lake City's rental market benefits from one of the most rapidly expanding technology and financial services employment bases in the Mountain West. Goldman Sachs, Adobe, Discover Financial Services, Wells Fargo, and L-3 Technologies anchor the professional employment corridor. The University of Utah awarded approximately 9,493 degrees in 2023, the most of any institution in the city, and is a major research university and state capital government employer. State government employment provides approximately 15% of total nonfarm payrolls and has added jobs every year since 2000, including through both recent recessions. Utah's Silicon Slopes technology ecosystem spans thousands of tech companies along the Wasatch Front. Households led by residents aged 25 to 44 in Salt Lake City earn approximately $87,953 median income, well above the citywide median, reflecting the tech and finance professional renter base. Approximately 83.5% of the working population holds professional or administrative positions. The city's median age of approximately 32.9 to 33 years and 15 to 24 age group at 18.5% of population reflect one of the youngest major city demographics in the nation. These fundamentals continue to attract Utah apartment lenders evaluating the state's primary market.
Salt Lake City Utah Apartment Loan Rent Levels in 2026
As of March 23, 2026, the average apartment rent in Salt Lake City is approximately $1,566 per month, essentially flat year-over-year, and the median rent is approximately $1,343/month, approximately 15% above the national average. By unit type: studios average approximately $980 to $1,194/month, one-bedrooms average approximately $1,301 to $1,405/month, two-bedrooms average approximately $1,437 to $1,754/month, and three-bedrooms average approximately $2,094 to $2,500/month. Approximately 49% of all Salt Lake City rentals are priced between $1,001 and $1,500 per month. Premium submarkets command considerably higher rents: Sugar House averages approximately $1,838/month, Downtown Salt Lake City approximately $1,730/month, and Grand Boulevards District approximately $2,063/month for one-bedrooms. More than half of Salt Lake City landlords currently offer concessions, providing renters with favorable terms. These levels support consistent underwriting for apartment loans in Utah where Goldman Sachs and University of Utah demand anchor year-round absorption.
Salt Lake City Utah Apartment Loan Supply and Demand in 2026
Salt Lake City's rental market is mid-cycle, absorbing a recent supply wave with concessions widespread, but fundamentals point to improving conditions as the pipeline normalizes. The broader Salt Lake County market has added over 27,000 units since 2014, yet long-term vacancy rates have remained manageable, reflecting Utah's exceptional population growth along the Wasatch Front at approximately 1.18 million residents in Salt Lake County. Utah's statewide population of approximately 3,574,825 is growing rapidly, with the Wasatch Front accounting for the majority of growth. Concessions are expected to taper off by late 2026 as the pipeline moderates and Utah's consistent in-migration absorbs existing inventory. Approximately 48% of Salt Lake City's rental stock is one-bedroom units, with two-bedrooms representing approximately 34%. For borrowers pursuing apartment building financing in Utah, Salt Lake City's 1.93% annual city growth, Silicon Slopes technology employment, and the nation's #1 cost-of-living-adjusted income state support a strong long-term demand trajectory.
Opportunities for Apartment Investment in Salt Lake City Utah
Investors pursuing a Utah apartment loan in Salt Lake City in 2026 are focused on growth and long-term demand near Goldman Sachs and Adobe's Silicon Slopes employment hubs where tech and finance professional household incomes averaging approximately $87,953 for the 25 to 44 age group support consistent above-average rent capacity, value-add acquisitions where concessions and flat near-term rent growth create more favorable entry pricing than the 2021 to 2022 peak cycle, and stabilized premium holds in Sugar House, Downtown, and the Grand Boulevards District where rents of approximately $1,730 to $2,063/month reflect the strongest submarket pricing in Utah. The median property value of approximately $495,700, approximately 102% above the national median, ensures that homeownership barriers structurally anchor renter demand even as incomes grow. For Utah apartment lenders evaluating the state's primary market, Salt Lake City offers Silicon Slopes technology permanence, Goldman Sachs financial sector anchors, and Utah's #1 national ranking for cost-of-living-adjusted income that supports strong long-term performance for apartment building loans throughout the metro.
2026 Provo Utah Apartment Loan Market Overview
Provo is the southern anchor of the Wasatch Front and a rapidly growing market for apartment loans in Utah, positioned at the heart of Silicon Slopes, the tech corridor running along I-15 from Lehi through American Fork and into Orem that is home to Adobe's Lehi campus with over 3,000 employees, Qualtrics, Vivint Smart Home, Domo, Ancestry.com, Oracle, and hundreds of mid-size technology companies. The city has a population of approximately 114,120 to 114,303 residents with the broader Provo-Orem MSA at approximately 732,200 people, adding approximately 8,000 to 12,000 new residents annually to Utah County. Provo has the youngest median age of any U.S. metro area at approximately 23 to 24.2 years, driven by Brigham Young University's approximately 33,000 to 34,000 students and the young families that remain after graduation. The median home price is approximately $420,000 to $445,000 as of early 2026. Approximately 20,496 renter-occupied households represent approximately 60% of all occupied housing units, making Provo a dominant majority-renter market. Current data as of March 24, 2026 shows the average apartment rent at approximately $1,900 per month, up approximately 2.52% year-over-year. Utah County's unemployment rate remained below approximately 2.5% for most of 2025. These fundamentals support active demand for Utah apartment loans in the state's second-largest metro.
Provo Utah Apartment Loan Rates and Financing in 2026
Financing conditions for Utah apartment loans remain favorable in Provo in 2026, with lenders supporting growth-oriented assets near BYU's campus, Adobe's Lehi corridor, Qualtrics and Vivint's Silicon Slopes campuses, and the Joaquin and Downtown Provo premium submarkets. The median home price of approximately $420,000 to $445,000 and the income required to purchase at approximately $105,000 to $120,000 annually create substantial homeownership barriers for a city with a median age of approximately 23 to 24 years, structurally anchoring the approximately 60% renter-occupied rate. Utah County's tech sector accounts for approximately 10% of total employment but a disproportionate share of high-wage jobs, supporting above-average renter income capacity. For borrowers seeking an apartment building loan in Provo, BYU's 33,000 to 34,000 students, Utah County's sub-2.5% unemployment rate, and Adobe and Qualtrics technology employment anchors provide a compelling underwriting profile within the broader Utah apartment building financing landscape.
Trends in the Provo Utah Apartment Market
Provo's rental market is defined by two structurally unique demand anchors that operate on independent cycles. Brigham Young University enrolls approximately 33,000 to 34,000 students and employs approximately 5,000 staff and faculty, making it the second-largest employer in Utah County, generating consistent year-round student and faculty renter demand that is largely immune to economic cycles. The Silicon Slopes technology corridor anchors professional renter demand from Adobe, Qualtrics, Vivint Smart Home, Domo, and Oracle employees and their families relocating to Utah Valley. Utah Valley University adds a second major university enrollment base. The 20 to 34-year-old cohort represents approximately 27.4% of Provo's population, the fourth-highest nationally for this prime renter demographic, trailing only College Station, Gainesville, and Champaign-Urbana. Intermountain Health's Utah Valley Hospital anchors the healthcare employment sector. Provo's employment base expanded approximately 1.4% year-over-year in September 2024, consistent with the national average. These fundamentals continue to attract Utah apartment lenders evaluating the state's second-largest metro.
Provo Utah Apartment Loan Rent Levels in 2026
As of March 24, 2026, the average apartment rent in Provo is approximately $1,900 per month, up approximately 2.52% year-over-year from $1,853. By unit type: studios average approximately $1,220 to $1,266/month, one-bedrooms average approximately $1,238 to $1,268/month, two-bedrooms average approximately $1,757 to $1,758/month, and three-bedrooms average approximately $2,579 to $2,602/month. Approximately 32 to 39% of all Provo rentals are priced between $1,001 and $1,500 per month. Premium submarkets command significantly higher rents: Joaquin averages approximately $2,380 to $2,454/month for one-bedrooms, while Franklin offers the most affordable option at approximately $1,079/month. Provo's consistent approximately 2.25 to 2.52% annual rent growth over the past two years confirms steady demand absorption. These levels support consistent underwriting for apartment loans in Utah where BYU enrollment and Silicon Slopes tech demand anchor year-round absorption.
Provo Utah Apartment Loan Supply and Demand in 2026
Provo's rental market maintains a balanced supply-demand profile anchored by BYU's predictable annual enrollment cycle and consistent Utah County in-migration of approximately 8,000 to 12,000 new residents annually. The city's overall vacancy rate is approximately 5.8%, reflecting a functioning market where quality properties near BYU and Silicon Slopes campuses maintain tight occupancy. Approximately 56% of Provo's rental stock was built between 1970 and 1999, with the 1970s vintage representing approximately 21% of all units, creating a substantial value-add renovation base. Two-bedroom units make up the largest share at approximately 39% of all units, consistent with the student and young family renter orientation. Utah County's below-2.5% unemployment rate is among the lowest of any county in the Mountain West. For borrowers pursuing apartment building financing in Utah, Provo's BYU enrollment permanence, Silicon Slopes technology expansion, and consistent Utah County in-migration support a stable and growing underwriting environment.
Opportunities for Apartment Investment in Provo Utah
Investors pursuing a Utah apartment loan in Provo in 2026 are focused on growth and long-term demand from BYU's approximately 33,000 to 34,000 students where enrollment-driven demand provides one of the most predictable annual leasing cycles of any Utah market, Silicon Slopes technology corridor holds near Adobe, Qualtrics, and Vivint campuses where tech professional and young family incomes support consistent above-average rent capacity, and value-add acquisitions in the large 1970s and 1980s vintage stock where the approximately 2.25 to 2.52% annual rent growth and Utah County's sub-2.5% unemployment create favorable repositioning returns. The 20 to 34-year-old cohort at 27.4% of Provo's population, the fourth-highest nationally, provides one of the deepest structural renter demand bases of any small metro in the nation. For Utah apartment lenders evaluating the state's second-largest metro, Provo offers BYU enrollment permanence, Silicon Slopes technology anchors, and the nation's youngest major metro age profile that supports strong long-term performance for apartment building loans throughout the metro.
2026 Ogden Utah Apartment Loan Market Overview
Ogden is Weber County's county seat and the most affordable major market on the Wasatch Front for apartment loans in Utah, offering property values approximately 25 to 30% below Salt Lake City levels while sharing the same economic drivers of Utah's broader growth. The city is anchored by Hill Air Force Base, one of Utah's largest employers with over 23,000 military and civilian personnel, Weber State University, McKay-Dee Hospital, Ogden Regional Medical Center, and the IRS Western Regional Center. The city has a population of approximately 86,973 to 89,334 residents as of 2026, growing at approximately 0.38 to 1.3% annually, having grown approximately 2.33% since the 2020 census. The median household income is approximately $70,053 to $72,575, up approximately 5.8% year-over-year, and the median property value is approximately $355,600 as of 2024, approximately 25 to 30% below Salt Lake City. Approximately 12,862 to 12,908 renter-occupied households represent approximately 39 to 40% of all occupied housing units. Current data as of March 27, 2026 shows the average apartment rent at approximately $1,490 per month, up approximately 1.67% year-over-year, with Weber County carrying the second-lowest vacancy rate on the Wasatch Front at approximately 4.8% and the second-highest net absorption, confirming that new units are renting fast. These fundamentals support active demand for Utah apartment loans in the state's most affordable major market.
Ogden Utah Apartment Loan Rates and Financing in 2026
Financing conditions for Utah apartment loans remain favorable in Ogden in 2026, with lenders supporting workforce housing assets near Hill Air Force Base's approximately 23,000-person employment complex, Weber State University's campus, and the historic 25th Street Downtown corridor undergoing active revitalization. The median property value of approximately $355,600, approximately 25 to 30% below Salt Lake City's $550,000 to $650,000 range, creates compelling per-unit acquisition economics with initial yields well above Wasatch Front peers. Weber County's approximately 4.8% vacancy rate, the second-lowest on the Wasatch Front, and second-highest net absorption confirm that even with new construction entering in 2025, units are being absorbed faster than in other Utah markets. For borrowers seeking an apartment building loan in Ogden, the city's Hill AFB institutional permanence, Weber State University student demand, and approximately 25 to 30% acquisition cost discount versus Salt Lake City provide a compelling underwriting profile within the broader Utah apartment building financing landscape.
Trends in the Ogden Utah Apartment Market
Ogden's rental market benefits from one of the most stable employer combinations on the Wasatch Front. Hill Air Force Base employs over 23,000 military and civilian personnel, generating permanent, recession-proof military household renter demand that is independent of private sector economic cycles and anchors the Weber County economy. Weber State University awarded approximately 6,775 degrees in 2023 and Ogden-Weber Technical College approximately 1,205 degrees, contributing consistent student and young professional renter demand. McKay-Dee Hospital, Ogden Regional Medical Center, and the IRS Western Regional Center anchor the healthcare and government employment base. Ogden is also known as the "outdoor recreation capital of Utah" with three ski resorts within 30 minutes: Snowbasin, Powder Mountain, and Nordic Valley, driving in-migration of outdoor recreation enthusiasts. Median household income grew approximately 5.8% year-over-year to $70,053 in 2023, the strongest income growth of any major Utah city that year. The city's median age of approximately 33 to 33.6 years and 25 to 34 age group at 32.1% of population reflect a prime working-age renter base. These fundamentals continue to attract Utah apartment lenders evaluating the state's most affordable Wasatch Front market.
Ogden Utah Apartment Loan Rent Levels in 2026
As of March 27, 2026, the average apartment rent in Ogden is approximately $1,490 per month, up approximately 1.67% year-over-year from $1,465, and the median rent is approximately $1,400/month. By unit type: studios average approximately $859 to $935/month, one-bedrooms average approximately $1,027 to $1,289/month, two-bedrooms average approximately $1,267 to $1,530/month, and three-bedrooms average approximately $1,840 to $1,893/month. Approximately 49% of all Ogden rentals are priced between $1,001 and $1,500 per month. West Haven commands the highest rents at approximately $1,692 to $1,719/month, while the Ogden Central Business District and T.O. Smith neighborhood offer the most affordable options at approximately $1,237 to $1,239/month. Ogden rents are approximately 25% below the national average, supporting some of the most favorable initial cap rates of any Utah market. These levels support consistent underwriting for apartment loans in Utah where Hill AFB and Weber State University demand anchor year-round absorption.
Ogden Utah Apartment Loan Supply and Demand in 2026
Ogden carries the most favorable vacancy profile of any affordable market on the Wasatch Front, with Weber County holding the second-lowest vacancy rate on the Wasatch Front at approximately 4.8% and the second-highest net absorption. The city approved building permits for more than 450 new units in 2025, with new construction concentrated in the Downtown and East Central corridors, and even affordable LIHTC units maintaining vacancy rates of approximately 7% while market-rate properties at other developers run 10 to 15% vacancy. Ogden has approximately 12,000 apartment units with approximately 2,503 LIHTC income-based units operating and approximately 1,275 more in the pipeline. Approximately 49% of Ogden's rental stock was built before 1979, with pre-1939 vintage representing approximately 23% of all units, creating a substantial value-add renovation base. For borrowers pursuing apartment building financing in Utah, Ogden's second-lowest Wasatch Front vacancy, rapid new unit absorption, and Hill AFB institutional permanence support a consistently strong underwriting environment.
Opportunities for Apartment Investment in Ogden Utah
Investors pursuing a Utah apartment loan in Ogden in 2026 are focused on stable income and affordability-driven demand from Hill AFB's approximately 23,000 military and civilian personnel where military household incomes and BAH allowances support consistent rent capacity with exceptional lease stability, value-add acquisitions in Ogden's large pre-1979 vintage stock where the approximately 25 to 30% acquisition cost discount versus Salt Lake City and 5.8% annual income growth create compelling repositioning returns, and stabilized workforce holds near Weber State University where student and young professional demand anchors the approximately 4.8% vacancy rate, the second-tightest on the Wasatch Front. The median property value of approximately $355,600, approximately 25 to 30% below Salt Lake City, combined with consistent rent growth of approximately 1.67% year-over-year, provides strong initial cap rates. For Utah apartment lenders evaluating the Wasatch Front's most affordable major market, Ogden offers Hill AFB institutional permanence, Weber State University demand, and one of the tightest vacancy profiles in Utah 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 Utah 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 Utah
At Select Commercial, we arrange financing for a wide range of Utah 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 Utah Borrowers Choose Select Commercial
Thousands of apartment building investors trust Select Commercial for our direct, transparent approach and proven expertise in the Utah 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 Utah Apartment Loans
Utah 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 Utah. 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 Utah
These agency-backed options offer competitive fixed rates, non-recourse terms, and simplified underwriting for qualified apartment investors.
Utah Apartment Building Financing
Select Commercial provides apartment building financing and Utah commercial mortgages throughout the state of Utah including but not limited to the areas below.