Multifamily Apartment Loans | $1M to $100M+ | Commercial Lending Solutions

The Best Multifamily Financing, Tailored to Your Deal

Multifamily apartments are the most financeable asset class in commercial real estate. Whether you're acquiring your first 5-unit building or refinancing a 300-unit portfolio, Commercial Lending Solutions connects you with the right lender and the right program for your specific situation.

As a commercial mortgage broker with access to over 1,000 lenders, including Fannie Mae and Freddie Mac agency lenders, banks, credit unions, life companies, CMBS conduits, and debt funds, we present your deal to multiple capital sources simultaneously and negotiate the best terms on your behalf.

Multifamily Loan Programs

Program	Rate	Term	LTV
Agency (Fannie/Freddie)	5.85%, 6.50%	5-25 yr	Up to 80%
Bank / Credit Union	6.00%, 7.00%	5-10 yr	Up to 75%
Life Company	5.85%, 6.25%	7-25 yr	Up to 70%
CMBS	6.25%, 7.00%	5-10 yr	Up to 75%
Bridge (Value-Add)	7.50%, 9.50%	12-36 mo	Up to 80%

Rates shown are approximate ranges as of Q1 2026 and vary by property size, location, borrower strength, and market conditions.

Common Multifamily Use Cases

Acquisition

Financing for purchasing apartment buildings and multifamily complexes. We match your deal with the best acquisition loan program based on property condition, occupancy, and your investment timeline.

Refinance

Lower your rate, extend your term, or pull cash out of your stabilized multifamily asset. Take advantage of competitive permanent rates to optimize your capital structure.

Value-Add & Rehab

Bridge financing for unit renovations, amenity upgrades, and repositioning strategies. Increase rents, stabilize, then refinance into a permanent loan at a higher valuation.

Portfolio Consolidation

Combine multiple smaller multifamily properties into a single portfolio loan. Simplify your debt structure, reduce administrative burden, and potentially improve your overall terms.

Property Types We Finance

Garden-style apartments (5-100 units)
Mid-rise & high-rise apartment buildings
Student housing
Senior living & assisted living
Affordable housing & LIHTC properties
Large-scale apartment communities (100-500+ units)
Mixed-use with majority residential
Workforce housing

Why Use a Multifamily Loan Broker?

The multifamily lending market has dozens of competing capital sources, agency lenders, banks, life companies, CMBS, and debt funds, each with different rate structures, underwriting criteria, and terms. Going directly to one lender means you get one set of terms. Working with Commercial Lending Solutions, your deal is shopped to the entire market.

Access to 1,000+ lenders, including specialized multifamily and agency lenders
One application, multiple competing term sheets
We negotiate on your behalf, rate, fees, prepayment flexibility, interest-only periods, and cash-out limits
Dedicated broker managing your deal from application through funding
No upfront fees, we only get paid when your loan closes

Prefer to talk? Call the broker directly.

310.758.4042

Trevor Damyan · Mon-Fri 9am-5pm PT

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FAQ

Multifamily Loan Questions

Most commercial multifamily loan programs begin at 5 units. Properties with 1-4 units are typically financed through residential mortgage programs. Fannie Mae and Freddie Mac agency programs generally require a minimum of 5 units, though some lenders start at 10 or even 50 units for their best pricing tiers. Commercial Lending Solutions can arrange financing for apartment buildings of any size starting at 5 units.

Most multifamily lenders require a minimum Debt Service Coverage Ratio (DSCR) of 1.20x to 1.25x, meaning the property's net operating income must be 20-25% greater than the annual debt service. Agency lenders (Fannie Mae and Freddie Mac) typically require 1.25x DSCR for standard deals. Some lenders will go as low as 1.15x for strong borrowers or properties in top-tier markets. Bridge lenders focused on value-add deals may underwrite to a pro forma DSCR based on projected income after renovations.

Agency loans (Fannie Mae and Freddie Mac) typically offer the lowest rates, longest terms (up to 25-30 years), and are non-recourse, meaning the borrower is not personally liable beyond the collateral. However, they have stricter underwriting requirements and longer closing timelines (45-60 days). Bank loans may offer more flexible underwriting and faster closings, but usually come with shorter terms (5-10 years), personal recourse, and slightly higher rates. Commercial Lending Solutions evaluates both options for every deal to find the best overall fit.

Yes. Non-recourse financing is one of the biggest advantages of multifamily investing. Fannie Mae, Freddie Mac, CMBS, and life company lenders all offer non-recourse loans for qualifying multifamily properties. Non-recourse means the lender's remedy in a default is limited to the collateral property, not the borrower's personal assets (subject to standard "bad boy" carve-outs for fraud or gross negligence). Minimum loan sizes for non-recourse typically start at $1M-$3M depending on the lender.

Rate lock timing is one of the most important decisions in multifamily financing. Most lenders offer a rate lock at or after loan application, with lock periods ranging from 30 to 90 days. Agency lenders (Fannie/Freddie) typically offer rate locks at application or commitment, with an option to float or lock. In a rising rate environment, locking early protects you from increases. In a declining rate environment, floating may result in a lower rate at closing. Commercial Lending Solutions advises borrowers on optimal rate lock timing based on current market conditions and your specific closing timeline.

Important Loan Disclosures

Representative Example: A $10,000,000 multifamily loan at a 6.25% fixed rate (agency program) with a 10-year term and 30-year amortization would have an estimated monthly principal and interest payment of approximately $61,600. Total amount repayable over the 10-year term: approximately $7,392,000 (balloon balance due at maturity). This example is for illustrative purposes only; your actual rate, payment, and terms may differ.

Rate Range: Multifamily loan rates currently range from approximately 5.85% to 7.50%, depending on program type (agency, bank, CMBS, life company, bridge), property size, location, leverage, and market conditions at the time of funding.

Fees: Origination fees typically range from 0.5% to 2.0% of the loan amount. Additional costs may include appraisal ($3,000-$10,000), legal fees ($5,000-$15,000), title insurance, environmental reports, and third-party inspections. All fees will be disclosed in writing before loan commitment.

Loan Terms: Multifamily loan terms range from 5 to 30 years with agency, bank, CMBS, and life company execution available. Non-recourse financing available for qualifying properties and borrowers. Prepayment penalties (yield maintenance, defeasance, or step-down) may apply depending on the program.

Risks: Commercial real estate loans carry inherent risks including but not limited to: property value decline, interest rate changes, inability to refinance at maturity, tenant vacancy, and potential loss of invested equity or the property itself. Borrowers should consult with qualified financial, legal, and tax advisors before committing to any loan.

Broker Disclosure: Commercial Lending Solutions (Commercial Lending Solutions) is a commercial mortgage brokerage, California DRE License #02244836. Commercial Lending Solutions does not make loans directly. All loans are originated and funded by third-party lenders. Commercial Lending Solutions receives compensation from the borrower, the lender, or both upon successful loan closing. Commercial Lending Solutions is not affiliated with or endorsed by any specific lender.

Multifamily Loans: $1M-$100M+ | Close in 30-60 Days