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$10 Million Multifamily Loans in Boston

Commercial Lending Solutions arranges $10 million multifamily loans throughout the Boston-Cambridge-Newton metropolitan area. Current rates range from 5.25% to 6.75% with 65% to 80% leverage and 5 to 10 years terms, depending on the execution pathway (Fannie Mae, Freddie Mac, life insurance company, CMBS, or bank). Boston's multifamily fundamentals, vacancy of 4.0%, rent growth of 4.5%, cap rates of 4.50%-5.00%, remain attractive to lenders as of 2026.

At a Glance: $10 Million Multifamily Loan in Boston

Loan amount range$7.5M to $15M
Interest rate range (2026)5.25% to 6.75%
Typical LTV65% to 80%
Typical term5 to 10 years
Active lender typesFannie Mae DUS lenders, Freddie Mac Optigo lenders, life insurance companies, regional banks, CMBS conduits
Boston multifamily vacancy4.0%
Boston rent growth (YoY)4.5%
Boston multifamily cap rates4.50%-5.00%

Why a $10 Million Multifamily Loan in Boston?

A $10 million multifamily loan in Boston is the inflection point where the full agency multifamily market opens up, including Fannie Mae DUS and Freddie Mac Optigo Conventional programs with their most competitive pricing. Commercial Lending Solutions runs a competitive process across Fannie Mae DUS lenders, Freddie Mac Optigo lenders, life insurance companies, regional banks, CMBS conduits to secure the most aggressive terms available for your specific deal.

The Boston multifamily market benefits from demand driven by life sciences, biotechnology, education, healthcare, financial services, with the strongest submarkets including Seaport District innovation, Cambridge/Kendall Square life sciences, Back Bay premium, Route 128 suburban.

Multifamily Submarkets We Finance in Boston

  • Back Bay
  • Seaport District
  • Cambridge
  • Somerville
  • Waltham
  • Quincy

Lender Programs for $10 Million Multifamily in Boston

  • Fannie Mae DUS: The most competitive source for stabilized market-rate multifamily in Boston. Non-recourse, up to 80% LTV, 5 to 30 year terms.
  • Freddie Mac Optigo Conventional: Direct competitor to Fannie Mae DUS, often pricing aggressively on specific Boston deal profiles.
  • Fannie Mae and Freddie Mac Small Balance Loan programs: Streamlined agency execution for loans starting at $1M, especially efficient for 5 to 50 unit product.
  • Life insurance company loans: Lowest fixed rates and longest terms for Class A and Class B institutional multifamily, with leverage typically capped at 65% to 70%.
  • CMBS conduit loans: Non-recourse fixed-rate financing for multifamily with higher leverage options, especially for portfolios or secondary-market assets.
  • Regional and national banks: Relationship-driven execution with flexibility on recourse, prepayment, and underwriting exceptions.
  • HUD/FHA 223(f) and 221(d)(4): 35 to 40 year fully amortizing non-recourse execution for long-term holders of market-rate, workforce, and affordable multifamily in Boston.

Frequently Asked Questions

As of 2026, $10 million multifamily loans in Boston price at approximately 5.25% to 6.75%, depending on the lender type, property quality, leverage, and sponsor profile. Fannie Mae and Freddie Mac agency execution typically delivers the tightest rates for stabilized properties, while life insurance companies price aggressively for Class A and Class B product in Boston's strongest submarkets, and CMBS conduits offer non-recourse terms at competitive pricing.
Most $10 million multifamily loans in Boston support 65% to 80% LTV. Agency programs (Fannie Mae DUS, Freddie Mac Optigo) can reach 80% LTV for stabilized properties with 1.25x minimum DSCR. Life insurance companies typically cap at 65% to 70% LTV in exchange for the tightest spreads. CMBS conduits offer up to 75% LTV with non-recourse structures and yield maintenance prepayment.
A $10 million multifamily loan in Boston is the inflection point where the full agency multifamily market opens up, including Fannie Mae DUS and Freddie Mac Optigo Conventional programs with their most competitive pricing. At this size, Commercial Lending Solutions runs a competitive process across Fannie Mae DUS lenders, Freddie Mac Optigo lenders, life insurance companies, regional banks, CMBS conduits to capture the most aggressive terms available for your specific deal and submarket.
Agency multifamily loans in Boston typically close in 45 to 90 days. Life insurance company and CMBS loans usually require 60 to 90 days. Small balance loans and bridge loans can close faster, in 30 to 60 days for agency SBL and as little as 2 to 4 weeks for well-structured bridge executions. Timelines depend on property complexity, lender choice, and third-party report turn times.
Commercial Lending Solutions is a commercial mortgage brokerage with direct relationships across more than 1,000 capital sources, including every major Fannie Mae DUS and Freddie Mac Optigo lender, the largest life insurance companies, every active CMBS conduit, and the deep bench of regional banks and credit unions serving the Boston market. We run a competitive process for your deal, which typically produces better rates, higher leverage, and more flexible structures than a single-lender execution.

Ready to Get a Quote?

Commercial Lending Solutions will run your $10 million Boston multifamily deal through 1,000+ capital sources in under 24 hours. Term sheets typically return within 48 to 72 hours of a complete loan request.

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Commercial Lending Solutions is a commercial mortgage brokerage headquartered in Los Angeles, California, serving borrowers in all 50 states. Trevor Damyan, California DRE #02244836. This page provides general commercial loan information; actual rates, terms, and leverage depend on the specific property, sponsor profile, and market conditions at the time of quote. Information current as of 2026.