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Multifamily Mortgage Rates (Updated Daily)

Check the latest apartment and multifamily mortgage loan indexes and rates. Information available for CMBS, agency loans, life company loans, bank loans, hard money, soft money, mezzanine financing, bridge loans, crowdfunding, and more.

In this article:
  1. Multifamily Loan Rates
  2. Today's Rate Ranges
  3. Agency Loans (Fannie Mae, Freddie Mac)
  4. Commercial Mortgage-Backed Securities (CMBS)
  5. FHA-Insured Debt
  6. Bank Loans
  7. Multifamily Loan Calculator
  8. Get Financing
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Rates vary depending on leverage, location, asset class, DSCR, and other factors. Fill out the form below to speak with a commercial and apartment real estate lending specialist to discuss rates from Fannie, Freddie, CMBS, HUD, banks, life companies, and more. All with no cost, pressure, or obligation.

Multifamily Loan Rates

Multifamily loan rates fluctuate daily. Conventional loan products such as Fannie Mae, Freddie Mac, CMBS, and traditional bank loans work off of an index plus a spread.

Spreads are determined by the lender and the chosen product (five-year, 10-year, interest-only options, etc.), and then the range of the spread will be determined by things like the property type, class, location, income, the borrower's financial strength, and so on. You can find out more about these characteristics in our helpful beginner's guide to multifamily finance.

Spreads also fluctuate with the market, so a borrower won't know her or his rate down to the basis point until the rate is locked when it comes to CMBS, Fannie, and Freddie. Banks and life insurance company multifamily loans may offer a bit more flexibility and less of a focus on spread variations. This is particularly the case with recourse compared to non-recourse loans. Full recourse loans will allow the borrower a little more flexibility in other areas of the loan, since they are attaching a personal guarantee. 

Today's interest rates for the primary indexes used for Fannie Mae, Freddie Mac, and many other loan types are below.

As a rule of thumb, spreads are generally between 200 and 250 basis points over, but for specific spreads and break-outs, fill in your details below for a free quote to see what's available for your unique situation. 

Today's Rate Ranges

Rates are approximate ranges, and they fluctuate by the moment with indexes such as the 10-year Treasury, SOFR, and others. Furthermore there is extensive underwriting that goes into each loan with considerations such as NOI, DSCR, sponsorship, market, property class, and more. The following are an approximation of where today's multifamily and commercial mortgage rates are. 

Agency Loans (Fannie Mae, Freddie Mac)

Commercial Mortgage-Backed Securities (CMBS)

FHA-Insured Debt

Bank Loans

Multifamily Loan Calculator

After getting an idea of where today's rates stand, why not see how this prices into your debt cost? Plug your figures into the calculator below, and we'll give you a breakdown of your monthly financing costs as well as any additional details, like the amount of any balloon payment.

In this article:
  1. Multifamily Loan Rates
  2. Today's Rate Ranges
  3. Agency Loans (Fannie Mae, Freddie Mac)
  4. Commercial Mortgage-Backed Securities (CMBS)
  5. FHA-Insured Debt
  6. Bank Loans
  7. Multifamily Loan Calculator
  8. Get Financing

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Multifamily Loans

Multifamily Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

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This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

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