Commercial loan experts since 1997A+ Better Business Rating

Apartment Loan Store

(503) 376-7303 Nationwide Since 1997


Everyday 8am to 9pm Eastern

Loans $750,000 to $500,000,000
Apartment Multifamily loan rates
Apartment loans - Better Business Bureau Rating A+
Apartment loans low rates
Multifamily loan rates and Commercial loans

Commercial Loan Rates

Rates as of: 04/15/2021
Loan Rate yrs/fixed
Apartments, Multifamily 2.46 – 4.52 5 - 35
Senior Housing 4.34 - 5.10 5 - 30
Student Housing 4.40 – 5.25 5 - 10
NNN/Credit Tenant 4.65 – 5.19 5 - 15
Bridge Loans 4.70 – 12.00 1 – 3
Self Storage 4.74 – 5.19 5 - 10
Retail/Office 4.76 – 5.25 5 - 10
Mobile Home Park 4.87 - 5.40 5 - 10
Hotels 5.16 – 8.24 5 - 10
Construction Loans 5.25 - 8.25 1 - 3

More Info on our Loan Programs

Commercial loan rates, just like all commercial loans, usually change on a daily basis

About Commercial Loan Rates

Apartment loan rates, just like all commercial loans, usually change daily based on a daily index plus a spread. Most of our apartment loan rates are determined by taking the current 3- to 30-year treasury yield plus a spread of 1.50% to 4.00%. With the exception of FHA/HUD apartment/multifamily financing, which has the lowest long-term fixed rates today, the longer you fix the rate the higher the rate will be. But keep in mind that the lowest apartment loan rate might not have the best apartment loan program for you. The lowest-rate programs are monthly adjustable rate programs which might be just right if you are planning on selling the property in the next few years. These programs often have a one year or less prepayment penalty. Be sure to talk to one of our apartment loan specialists to determine which of our loan programs is the best fit for you. We will look at your purpose and strategy for your investment property and your exit strategy. This is the case for all our other loan programs.

So Why Choose a Low Long-Term Fixed Rate Today?

At Apartment Loan Store, we have specialized since 1997 in having the lowest long-term fixed commercial mortgage rates for our apartment financing. If you plan to keep your apartment building for a long time, and are looking for a long-term fixed-rate mortgage, we will direct you to our Fannie Mae, Freddie Mac, HUD/FHA, Insurance Life Companies, and Commercial Mortgage Backed Security (CMBS) loans. These apartment loans can be fixed from 10 to 35 years. Without question, our lowest rate for the longest fixed-rate term is our FHA/HUD loan program. This loan has a 35-year fixed rate (lower than most commercial banks’ five-year fixed rates)—and yes, it is fully amortizing (has a 35-year amortization). If you plan to keep your property for life and pass it on to your kids, this will be the last loan you will need to get for your apartment complex. At Apartment Loan Store, we will compare these very low-rate programs with you and help you decide which option is best.

If you are looking to sell your apartment building or do a 1031 exchange into another property in the next two to five years, we will point you toward one of our national or regional bank loans, which offer some of the lowest monthly adjustable rates and very low  3-, 5- and 7-year fixed rates. Many of these loan programs are fully amortizing and have a 25- or 30-year term and amortization. They will convert to an adjustable rate mortgage after the fixed-rate term is up.

Long-Term Fixed-Rate Programs

Fannie Mae – Fixed rates are tied to corresponding treasury yields and can be fixed for 5, 7 10, 15, 20, 25 and 30 years. Up to 80% LTV for purchases and refinances without cash out. 75% LTV for cash-out refinances. The longer you fix the rates, the higher the rate. Loans start at $750,000, and there is no maximum loan.

Freddie Mac – Fixed rates are tied to corresponding treasury yields and can be fixed from 5 to 10 years and go up to 80% LTV. Loans have a 30-year amortization. The longer you fix the rate, the higher the rate. Loans start at $3,000,000, and there is no maximum loan.

Life Company Loans (Insurance) – These loans usually start at $5,000,000 and above, and only go up to $75M or more. Limited to 65% maximum LTV and a debt yield ratio, but the rates are just about the lowest, and you can fix them for 10, 15, or 30 years with 25- or 30-year amortizations.

CMBS – Commercial Mortgage Backed Security loans start at $2,000,000 and have very low rates. Rates can be fixed for 5 or 10 years. They are limited by a debt yield ratio, but can go up to 75% LTV.

HUD/FHA – For loans starting at $2M with no maximum. Rates are fixed for 30 to 35 years, based on the remaining life of the buildings, and can go up to 83.3% on purchases or no-cash-out refinances. 80% with cash-out refinances. Exceptionally low rates, but require monthly mortgage insurance premiums to be paid with the mortgage. These loans have higher fees and closing costs, but are well worth it since you won’t ever have to refinance.

National, Regional and Community Bank Loan – 75% LTV maximum loans start at $500,000 and can go up to $10M. Rates are usually fixed for 3 to 10 years, and often have a 30-year term. The 3- and 5-year fixed rates are some of the lowest available for those fixed periods. Rates convert to an adjustable-rate mortgage after the fixed-rate period is up.

For more information about our apartment loan programs go here.

For Sale October 13, 2020!

Commercial loan experts -  Forbes Real Estate Council

Written by the founder of Apartment Loan Store

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