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Multifamily & Apartment Financing in Connecticut

Commercial Loan Direct (CLD) provides apartment loans in Connecticut. Current apartment loan rates in Connecticut range from 4.73% to 12.75%, depending on the loan program.

Connecticut 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 4.64% - 5.99% 83.3% $5,000,000+
Conduit / CMBS 5.61% - 7.54% 75% $2,000,000+
Insurance 5.11% - 8.39% 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 4.73% - 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 affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.

Additional Multifamily Types

Additional Multifamily Mortgages

Locations Served in Connecticut

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

Connecticut Cities and Towns Served

67

The multifamily financing environment in Connecticut is characterized by a robust partnership between state agencies, federal programs, and private lenders. As of early 2026, the market is navigating a period of stabilization with a heavy emphasis on affordable housing and sustainable development.

Key Financing Entities and Programs

In Connecticut, the primary drivers of multifamily capital are the state-level agencies that provide specialized loan products and tax incentives.

  • Connecticut Housing Finance Authority (CHFA): The central pillar for affordable housing. CHFA offers long-term, fixed-rate mortgages (often up to 40 years) for the construction or rehabilitation of properties where at least 20% of units are affordable.
  • Department of Housing (DOH): Provides "soft capital" through the Affordable Housing Program (FLEX), offering gap funding for developments that promote mixed-income housing and urban revitalization.
  • Build For CT: A collaborative middle-income program specifically targeting the "missing middle," providing subordinate loans with interest rates typically between 1% and 3% to support workforce housing.
  • Connecticut Green Bank: Offers specialized financing like C-PACE and LIME (Loans Improving Multifamily Efficiency) to fund energy performance upgrades and renewable energy installations.

Federal Support and Incentives

Federal resources remain essential for bridging the gap in large-scale Connecticut developments, particularly through the following mechanisms:

  • Low-Income Housing Tax Credits (LIHTC): Administered by CHFA, the 9% (competitive) and 4% (non-competitive) credits are the most significant sources of equity for affordable projects.
  • HUD/FHA Loans: Programs like the HUD 221(d)(4) provide high-leverage, non-recourse construction loans, while the 223(f) is the standard for acquisitions and refinances.
  • Fannie Mae and Freddie Mac: For 2026, the FHFA has set loan purchase caps at $88 billion each, with a mandate that at least 50% of their business be "mission-driven" affordable housing.

2026 Market Trends and Outlook

The financing landscape is currently influenced by several macroeconomic factors:

  • Stabilizing Interest Rates: After years of volatility, rates have begun to settle, with the Federal Funds Rate projected to hover around 3% by late 2026, easing the "pencil out" challenge for new builds.
  • Construction Pipeline: While new starts slowed in previous years, the 2026 "vintage" is expected to be highly selective, favoring well-capitalized developers who focus on high-demand urban centers like Stamford, New Haven, and Hartford.
  • Sustainability Standards: Connecticut continues to tighten its Multifamily Design & Construction Standards, making green energy compliance a prerequisite for most state-funded financing.

Lending Cities

Commercial loan direct provides services in the following Connecticut 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, feel free to use the provided Connecticut economic reports to get a better understanding of your market.

  • Ansonia
  • Baltic
  • Bethel
  • Bethlehem Village
  • Blue Hills
  • Branford
  • Branford Center
  • Bridgeport
  • Bristol
  • Byram
  • Canaan
  • Canton Valley
  • Central Waterford
  • Cheshire
  • Cheshire Village
  • Chester Center
  • City of Milford (balance)
  • Clinton
  • Colchester
  • Collinsville
  • Conning Towers-Nautilus Park
  • Cos Cob
  • Coventry Lake
  • Cromwell
  • Crystal Lake
  • Danbury
  • Danielson
  • Darien
  • Deep River Center
  • Derby
  • Durham
  • East Brooklyn
  • East Haddam
  • East Hampton
  • East Hartford
  • East Haven
  • East Norwalk
  • East Windsor
  • Easton
  • Ellington
  • Enfield
  • Essex Village
  • Fairfield
  • Fairfield County
  • Farmington
  • Gales Ferry
  • Georgetown
  • Glastonbury
  • Glastonbury Center
  • Glenville
  • Greenwich
  • Groton
  • Guilford
  • Guilford Center
  • Hamden
  • Hartford
  • Hartford County
  • Hazardville
  • Hebron
  • Heritage Village
  • Higganum
  • Jewett City
  • Kensington
  • Kent
  • Killingly Center
  • Lake Pocotopaug
  • Ledyard
  • Lisbon
  • Litchfield
  • Litchfield County
  • Long Hill
  • Madison
  • Madison Center
  • Manchester
  • Mansfield City
  • Meriden
  • Middlebury
  • Middlesex County
  • Middletown
  • Milford
  • Montville Center
  • Moodus
  • Moosup
  • Mystic
  • Naugatuck
  • New Britain
  • New Canaan
  • New Fairfield
  • New Hartford Center
  • New Haven
  • New Haven County
  • New London
  • New London County
  • New Milford
  • New Preston
  • Newington
  • Newtown
  • Niantic
  • Noank
  • North Branford
  • North Granby
  • North Grosvenor Dale
  • North Haven
  • North Stamford
  • Northwest Harwinton
  • Norwalk
  • Norwich
  • Oakville
  • Old Greenwich
  • Old Mystic
  • Old Saybrook
  • Old Saybrook Center
  • Orange
  • Oxford
  • Oxoboxo River
  • Pawcatuck
  • Pemberwick
  • Plainfield
  • Plainfield Village
  • Plainville
  • Plymouth
  • Poquonock Bridge
  • Portland
  • Preston City
  • Prospect
  • Putnam
  • Quinebaug
  • Ridgefield
  • Riverside
  • Rockville
  • Salem
  • Salmon Brook
  • Saybrook Manor
  • Seymour
  • Shelton
  • Sherman
  • Sherwood Manor
  • Simsbury Center
  • Somers
  • South Coventry
  • South Windham
  • South Windsor
  • South Woodstock
  • Southbury
  • Southport
  • Southwood Acres
  • Stafford
  • Stafford Springs
  • Stamford
  • Storrs
  • Stratford
  • Suffield Depot
  • Tariffville
  • Terramuggus
  • Terryville
  • Thomaston
  • Thompson
  • Thompsonville
  • Tolland
  • Tolland County
  • Torrington
  • Trumbull
  • Uncasville
  • Wallingford
  • Wallingford Center
  • Washington
  • Waterbury
  • Waterford
  • Watertown
  • Wauregan
  • Weatogue
  • West Hartford
  • West Haven
  • West Simsbury
  • West Torrington
  • Westbrook Center
  • Westport
  • Wethersfield
  • Willimantic
  • Wilton
  • Winchester Center
  • Windham
  • Windham County
  • Windsor
  • Windsor Locks
  • Winsted
  • Wolcott
  • Woodbridge
  • Woodbury
  • Woodbury Center
  • Woodmont

Commercial Loan FAQs in Connecticut

Multifamily interest rates in Connecticut vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.73% to 12.75%.

Borrowers in Connecticut 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 Connecticut 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 Connecticut, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

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

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