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Multifamily & Apartment Financing in Florida

Commercial Loan Direct (CLD) provides commercial real estate loans in Florida. Current commercial loan rates in Florida range from 4.99% to 12.75% depending on the loan program.

Florida Apartment Loan Rates

Loan Types Rates LTV Loan Amount
Fannie Mae 5.46% - 6.26% 80% $700,000+
Freddie Mac 5.76% - 9.23% 80% $1,000,000+
FHA 4.87% - 6.22% 83.3% $5,000,000+
Conduit / CMBS 5.63% - 7.56% 75% $2,000,000+
Insurance 5.13% - 8.4% 75% $5,000,000+
USDA 6% - 8.75% 85% $1,000,000+
Bridge 5.75% - 12.75% 80% $1,500,000+
Construction 5.5% - 8.75% 83.3% $1,000,000+
Conventional 4.99% - 8.75% 80.0% $1,000,000+

For more in-depth multifamily interest rates, please visit our Apartment Loan Rates page.

Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affectthe displayed commercial loan rates. Commercial loan rates may change at any time and without notice.

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Florida Interest Rates starting at 4.99%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.

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Additional Multifamily Types

Additional Multifamily Mortgages

Locations Served in Florida

We are proud to be serving the state of Florida. Here are our commercial loan statistics for this state.

Florida Cities and Towns Served

211

The Florida multifamily market in 2026 is defined by a strategic shift toward attainable workforce housing and a rebalancing of supply and demand. Following the legislative momentum of 2023–2025, Florida now offers some of the most aggressive state-level tax incentives in the country to combat high insurance and construction costs.

State-Level Funding and Strategic Incentives

The Florida Housing Finance Corporation (FHFC) remains the central authority for distributing state and federal resources, with a record $435 million appropriation for housing programs in the current cycle.

  • State Apartment Incentive Loan (SAIL): Provides low-interest gap financing for developers. In 2026, a significant portion of these funds ($150M+) is specifically carved out for the Live Local SAIL program, which targets innovative workforce housing and military communities.
  • Live Local Act (SB 102/328) Tax Exemptions: A major driver for 2026. Properties providing "missing middle" housing (80% to 120% AMI) can receive up to a 75% property tax exemption, while units below 80% AMI may qualify for a 100% exemption. Certification for these exemptions typically requires a submission to the FHFC by mid-January of each tax year.
  • State Housing Initiatives Partnership (SHIP): While often used for homeownership, SHIP funds provide local governments with the capital to partner with multifamily developers on local rental preservation and production projects.
  • Multifamily Mortgage Revenue Bonds (MMRB): FHFC issues both taxable and tax-exempt bonds to provide below-market-rate construction and permanent loans for affordable developments.

Federal Integration and Private Debt

Florida’s financing "stack" almost always includes federal components, which are increasingly mission-driven in 2026.

  • LIHTC (9% and 4% Credits): Florida remains one of the most competitive states for 9% credits. The 2026 cycle emphasizes "Areas of Opportunity" and proximity to transit, with awards typically announced following the FHFC board meetings in late January.
  • Agency Lending (Fannie Mae & Freddie Mac): With 2026 loan caps set at $88 billion each, the GSEs are aggressive in Florida’s Sun Belt markets. They offer specific Social Bond executions for properties that meet the 50% mission-driven affordability requirements.
  • HUD 221(d)(4) & 223(f): These remain popular for high-leverage (up to 85–87% LTC/LTV) non-recourse debt. In Florida, the 223(f) is particularly useful for refinances intended to offset the "insurance spike" seen in previous years.

2026 Market Trends and Cost Factors

Financing in Florida requires navigating unique regional economic pressures and legislative advantages:

  • Live Local Zoning Preemption: Developers are leveraging state law to build multifamily in commercial and industrial zones without local rezoning, provided 40% of units are affordable for 30 years. This significantly reduces the cost of capital by shortening the entitlement timeline.
  • Insurance Market Stabilization: After years of triple-digit increases, Florida multifamily insurance premiums have begun to moderate (0% to 5% growth in 2026), allowing for more predictable Debt Service Coverage Ratio (DSCR) underwriting.
  • Interest Rate Clarity: Benchmark rates in 2026 have stabilized between 3.6% and 4.6%, prompting a move away from short-term bridge debt back toward 10-year and 15-year fixed-rate permanent financing.

Lending Cities

Commercial loan direct provides services in the following Florida cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale.

Commercial Loan FAQs in Florida

Multifamily interest rates in Florida vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.99% to 12.75%.

Borrowers in Florida can access Conventional, CMBS/Conduit, Insurance, FHA/HUD, USDA, Bridge, Construction, and SBA financing based on property type, leverage, and occupancy.

Multifamily loan rates in Florida depend on loan type, property cash flow, debt service coverage ratio, loan-to-value, borrower strength, and market conditions.

Yes. Owner-occupied financing is available in Florida, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

Yes. Refinance options in Florida include rate-and-term and cash-out structures, subject to underwriting, property performance, and lender program guidelines.

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Fernando and Leanne are Amazing

Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever

- Nirav Patel

She Took Care of All My Needs

If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.

- Vincent Arias

Commercial Loan Direct Streamlined the Whole Process

We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them

- Rita Pisarski