Commercial Loan Direct (CLD) provides commercial real estate loans in Delaware. Current commercial loan rates in Delaware range from 5.14% to 12.9% depending on the loan program.
Delaware Apartment Loan Rates
| Loan Types | Rates | LTV | Loan Amount |
|---|---|---|---|
| Fannie Mae | 5.61% - 6.41% | 80% | $700,000+ |
| Freddie Mac | 5.91% - 9.38% | 80% | $1,000,000+ |
| FHA | 5.02% - 6.37% | 83.3% | $5,000,000+ |
| Conduit / CMBS | 5.78% - 7.71% | 75% | $2,000,000+ |
| Insurance | 5.28% - 8.55% | 75% | $5,000,000+ |
| USDA | 6.15% - 8.9% | 85% | $1,000,000+ |
| Bridge | 5.9% - 12.9% | 80% | $1,500,000+ |
| Construction | 5.65% - 8.9% | 83.3% | $1,000,000+ |
| Conventional | 5.14% - 8.9% | 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.
Ready to Get a Multifamily Loan Quote in Delaware?
Delaware Interest Rates starting at 5.14%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
Get a QuoteAdditional Multifamily Types
Additional Multifamily Mortgages
- Affordable Housing Financing
- Student Housing Financing
- Military Housing
- Manufactured Housing Financing
- Seniors Housing Financing
- Cooperative Housing
Locations Served in Delaware
We are proud to be serving the state of Delaware. Here are our commercial loan statistics for this state.
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The multifamily financing market in Delaware remains highly focused on expanding inventory through the Delaware State Housing Authority (DSHA). As of 2026, the state is prioritizing developments in "Areas of Opportunity"—locations with strong school proficiency and economic infrastructure—while utilizing gap funding to offset high construction costs.
Primary State Financing Vehicles
Delaware utilizes a mix of revolving loan funds and bond-driven programs to support both new construction and the preservation of existing units.
- Housing Development Fund (HDF): The state's most flexible financing tool. It provides low-interest loans and grants to developers for the acquisition, rehabilitation, or construction of affordable rental housing. For the 2026-2027 cycle, significant allocations have been requested to meet the state's 19,000-unit affordable housing shortage.
- Multifamily Bond Revenue Accelerator (MBRA): Specifically designed to fast-track 4% LIHTC projects. It offers gap financing of up to $35,000 per unit for projects that would otherwise face feasibility gaps due to market interest rates.
- Downtown Development Districts (DDD) Rebate: A unique Delaware program that provides grants to investors who develop multifamily properties within designated "Distressed" or "Saturated" urban districts to spur revitalization.
- Strong Neighborhoods Housing Fund: Focused on "blighted" or abandoned properties, this fund provides the capital necessary to acquire and renovate distressed multifamily assets into stable, long-term housing.
Federal and Public-Private Programs
Federal resources in Delaware are often "layered" with state funds to maximize leverage for developers.
- Low-Income Housing Tax Credits (LIHTC): The 2026 Qualified Allocation Plan (QAP) mandates that new construction be located in Investment Levels 1, 2, or 3. Applications for the 2026 cycle generally close in late April.
- FHA/HUD Mortgage Insurance: Delaware developers frequently utilize FHA Section 221(d)(4) for New Castle County projects, where loan limits are higher than in Kent or Sussex counties ($1.2M+ for 4-unit properties under certain FHA categories).
- Workforce Housing Program: Particularly active in New Castle County, this program incentivizes developers to include middle-income units (up to 100% AMI) without direct state subsidies by offering density bonuses and expedited permitting.
2026 Market Conditions
The current landscape is defined by selective lending and a focus on operational efficiency:
- Interest Rate Stabilization: While conventional multifamily rates have moderated to the 3.6% to 4.6% range, underwriting remains strict, with lenders requiring higher debt-service coverage ratios (DSCR).
- Cost Management: High tariffs on steel and aluminum (averaging 50% in early 2026) have kept hard costs elevated, making the DSHA gap funding more critical for project solvency.
- Transit-Oriented Development (TOD): Financing priority is increasingly given to projects with "Access to Transit Certification" from the Delaware Transit Corporation, reflecting a shift toward sustainable urban planning.
Lending Cities
Commercial loan direct provides services in the following Delaware 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.
- Bear
- Bellefonte
- Bethany Beach
- Blades
- Bridgeville
- Brookside
- Camden
- Cheswold
- Claymont
- Clayton
- Delaware City
- Delmar
- Dover
- Dover Base Housing
- Edgemoor
- Elsmere
- Felton
- Georgetown
- Glasgow
- Greenville
- Greenwood
- Harrington
- Highland Acres
- Hockessin
- Kent Acres
- Kent County
- Laurel
- Lewes
- Long Neck
- Middletown
- Milford
- Millsboro
- Milton
- New Castle
- New Castle County
- Newark
- Newport
- North Star
- Ocean View
- Pike Creek
- Pike Creek Valley
- Rehoboth Beach
- Rising Sun-Lebanon
- Riverview
- Rodney Village
- Seaford
- Selbyville
- Smyrna
- Sussex County
- Townsend
- Wilmington
- Wilmington Manor
- Woodside East
- Wyoming