Commercial Loan Direct (CLD) provides commercial real estate loans in Florida. Current commercial loan rates in Florida range from 5.17% 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 | 5.17% - 6.52% | 83.3% | $5,000,000+ |
| Conduit / CMBS | 6.26% - 8.09% | 75% | $2,000,000+ |
| Insurance | 5.76% - 8.89% | 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 | 5.43% - 8.84% | 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 Florida?
Florida Interest Rates starting at 5.17%. 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 Mortgages
- Affordable Housing Financing
- Student Housing Financing
- Military Housing
- Manufactured Housing Financing
- Seniors Housing Financing
- Cooperative Housing
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.
- Aberdeen
- Alachua
- Alachua County
- Alafaya
- Allapattah
- Altamonte Springs
- Alturas
- Alva
- Andover
- Anna Maria
- Apalachicola
- Apollo Beach
- Apopka
- Arcadia
- Archer
- Asbury Lake
- Astatula
- Astor
- Atlantic Beach
- Atlantis
- Auburndale
- Aventura
- Avon Park
- Azalea Park
- Babson Park
- Bagdad
- Baker County
- Bal Harbour
- Baldwin
- Balm
- Bartow
- Bay County
- Bay Harbor Islands
- Bay Hill
- Bay Pines
- Bayonet Point
- Bayshore Gardens
- Beacon Square
- Bee Ridge
- Bellair-Meadowbrook Terrace
- Belle Glade
- Belle Glade Camp
- Belle Isle
- Belleair
- Belleair Beach
- Belleair Bluffs
- Belleview
- Bellview
- Beverly Hills
- Big Coppitt Key
- Big Pine Key
- Biscayne Park
- Bithlo
- Black Diamond
- Bloomingdale
- Blountstown
- Boca Del Mar
- Boca Pointe
- Boca Raton
- Bokeelia
- Bonifay
- Bonita Springs
- Boulevard Gardens
- Bowling Green
- Boyette
- Boynton Beach
- Bradenton
- Bradenton Beach
- Bradford County
- Brandon
- Brent
- Brevard County
- Bristol
- Broadview Park
- Bronson
- Brookridge
- Brooksville
- Broward County
- Broward Estates
- Brownsville
- Buckhead Ridge
- Buckingham
- Buenaventura Lakes
- Bunche Park
- Bunnell
- Burnt Store Marina
- Bushnell
- Butler Beach
- Calhoun County
- Callahan
- Callaway
- Campbell
- Cantonment
- Cape Canaveral
- Cape Coral
- Carol City
- Carrabelle
- Carrollwood
- Carrollwood Village
- Carver Ranches
- Casselberry
- Cedar Grove
- Celebration
- Center Hill
- Century
- Charlotte County
- Charlotte Harbor
- Charlotte Park
- Chattahoochee
- Cheval
- Chiefland
- Chipley
- Christmas
- Chuluota
- Citra
- Citrus County
- Citrus Hills
- Citrus Park
- Citrus Ridge
- Citrus Springs
- Clarcona
- Clay County
- Clearwater
- Clermont
- Cleveland
- Clewiston
- Cocoa
- Cocoa Beach
- Cocoa West
- Coconut Creek
- Coconut Grove
- Collier County
- Columbia County
- Combee Settlement
- Connerton
- Conway
- Cooper City
- Coral Gables
- Coral Springs
- Coral Terrace
- Cortez
- Country Club
- Country Walk
- Crawfordville
- Crescent City
- Crestview
- Crooked Lake Park
- Cross City
- Crystal Lake
- Crystal River
- Crystal Springs
- Cudjoe Key
- Cutler
- Cutler Bay
- Cutler Ridge
- Cypress Gardens
- Cypress Lake
- Cypress Quarters
- Dade City
- Dade City North
- Dania Beach
- Davenport
- Davie
- Daytona Beach
- Daytona Beach Shores
- De Land Southwest
- De Leon Springs
- DeBary
- Deerfield Beach
- DeFuniak Springs
- DeLand
- Delray Beach
- Deltona
- DeSoto County
- Desoto Lakes
- Destin
- Dixie County
- Doctor Phillips
- Doral
- Dover
- Dundee
- Dunedin
- Dunnellon
- Duval County
- Eagle Lake
- East Bronson
- East Lake
- East Lake-Orient Park
- East Milton
- East Naples
- East Palatka
- East Pensacola Heights
- East Perrine
- Eastpoint
- Eatonville
- Edgewater
- Edgewood
- Eglin Air Force Base
- Eglin Village
- Egypt Lake-Leto
- El Portal
- Elfers
- Ellenton
- Englewood
- Ensley
- Escambia County
- Estero
- Eustis
- Fairview Shores
- Feather Sound
- Fellsmere
- Fern Park
- Fernandina Beach
- Ferry Pass
- Fish Hawk
- Five Points
- Flagami
- Flagler Beach
- Flagler County
- Flagler Estates
- Fleming Island
- Floral City
- Florida City
- Florida Ridge
- Forest City
- Fort Lauderdale
- Fort Meade
- Fort Myers
- Fort Myers Beach
- Fort Myers Shores
- Fort Pierce
- Fort Pierce North
- Fort Pierce South
- Fort Walton Beach
- Fountainebleau
- Four Corners
- Franklin County
- Freeport
- Frostproof
- Fruit Cove
- Fruitland Park
- Fruitville
- Fuller Heights
- Fussels Corner
- Gadsden County
- Gainesville
- Gandy
- Gateway
- Geneva
- Gibsonia
- Gibsonton
- Gifford
- Gilchrist County
- Glades County
- Gladeview
- Glencoe
- Glenvar Heights
- Golden Gate
- Golden Glades
- Goldenrod
- Gonzalez
- Gotha
- Goulding
- Goulds
- Graceville
- Grant-Valkaria
- Greater Northdale
- Green Cove Springs
- Greenacres City
- Greenbriar
- Gretna
- Grove City
- Groveland
- Gulf Breeze
- Gulf County
- Gulf Gate Estates
- Gulfport
- Haines City
- Hallandale Beach
- Hamilton County
- Harbor Bluffs
- Harbour Heights
- Hardee County
- Harlem
- Harlem Heights
- Havana
- Haverhill
- Hawthorne
- Heathrow
- Hendry County
- Heritage Pines
- Hernando
- Hernando Beach
- Hernando County
- Hialeah
- Hialeah Gardens
- High Point
- High Springs
- Highland Beach
- Highland City
- Highlands County
- Hiland Park
- Hill 'n Dale
- Hilliard
- Hillsboro Beach
- Hillsborough County
- Hobe Sound
- Holden Heights
- Holiday
- Holley
- Holly Hill
- Hollywood
- Holmes Beach
- Holmes County
- Homestead
- Homosassa
- Homosassa Springs
- Horizon West
- Howey-in-the-Hills
- Hudson
- Hunters Creek
- Hutchinson Island South
- Hypoluxo
- Immokalee
- Indialantic
- Indian Harbour Beach
- Indian River County
- Indian River Estates
- Indian River Shores
- Indian Rocks Beach
- Indian Shores
- Indiantown
- Inglis
- Interlachen
- Inverness
- Inverness Highlands North
- Inverness Highlands South
- Inwood
- Iona
- Islamorada
- Island Walk
- Isle of Normandy
- Ives Estates
- Jackson County
- Jacksonville
- Jacksonville Beach
- Jan-Phyl Village
- Jasmine Estates
- Jasper
- Jefferson County
- Jensen Beach
- June Park
- Juno Beach
- Jupiter
- Kathleen
- Kendale Lakes
- Kendall
- Kendall Green
- Kendall West
- Kenneth City
- Kensington Park
- Key Biscayne
- Key Largo
- Key Vista
- Key West
- Keystone
- Keystone Heights
- Kings Point
- Kissimmee
- LaBelle
- Lacoochee
- Lady Lake
- Lafayette County
- Laguna Beach
- Lake Alfred
- Lake Belvedere Estates
- Lake Butler
- Lake City
- Lake Clarke Shores
- Lake County
- Lake Forest
- Lake Hamilton
- Lake Helen
- Lake Lorraine
- Lake Lucerne
- Lake Mack-Forest Hills
- Lake Magdalene
- Lake Mary
- Lake Panasoffkee
- Lake Park
- Lake Placid
- Lake Sarasota
- Lake Wales
- Lake Worth
- Lake Worth Corridor
- Lakeland
- Lakeland Highlands
- Lakes by the Bay
- Lakeside
- Lakewood Park
- Land O' Lakes
- Lantana
- Largo
- Lauderdale Lakes
- Lauderdale-by-the-Sea
- Lauderhill
- Laurel
- Lealman
- Lecanto
- Lee County
- Leesburg
- Lehigh Acres
- Leisure City
- Lely
- Lely Resort
- Leon County
- Levy County
- Liberty County
- Lighthouse Point
- Limestone Creek
- Live Oak
- Lochmoor Waterway Estates
- Lockhart
- Longboat Key
- Longwood
- Loughman
- Lower Grand Lagoon
- Loxahatchee Groves
- Lutz
- Lynn Haven
- Macclenny
- Madeira Beach
- Madison
- Madison County
- Maitland
- Malabar
- Malone
- Manasota Key
- Manatee County
- Manatee Road
- Mango
- Mangonia Park
- Marathon
- Marco
- Marco Island
- Margate
- Marianna
- Marion County
- Martin County
- Mary Esther
- Masaryktown
- Mascotte
- Mayo
- McGregor
- Meadow Oaks
- Meadow Woods
- Medulla
- Melbourne
- Melbourne Beach
- Melrose Park
- Memphis
- Merritt Island
- Mexico Beach
- Miami
- Miami Beach
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Miami-Dade County
- Micco
- Middleburg
- Midway
- Milton
- Mims
- Minneola
- Miramar
- Miramar Beach
- Molino
- Monroe County
- Monticello
- Montverde
- Moore Haven
- Mount Dora
- Mount Plymouth
- Mulberry
- Myrtle Grove
- Naples
- Naples Manor
- Naples Park
- Naranja
- Nassau County
- Nassau Village-Ratliff
- Navarre
- Neptune Beach
- New Port Richey
- New Port Richey East
- New Smyrna Beach
- Newberry
- Niceville
- Nocatee
- Nokomis
- Norland
- North Andrews Gardens
- North Bay Village
- North Brooksville
- North DeLand
- North Fort Myers
- North Key Largo
- North Lauderdale
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- North Redington Beach
- North River Shores
- North Sarasota
- North Weeki Wachee
- Northdale
- Oak Hill
- Oak Ridge
- Oakland
- Oakland Park
- Oakleaf Plantation
- Ocala
- Ocean City
- Ocean Ridge
- Ocoee
- Odessa
- Ojus
- Okaloosa County
- Okeechobee
- Okeechobee County
- Oldsmar
- Olga
- Olympia Heights
- Opa-locka
- Orange City
- Orange County
- Orange Park
- Orangetree
- Oriole Beach
- Orlando
- Orlovista
- Ormond Beach
- Ormond-by-the-Sea
- Osceola County
- Osprey
- Oviedo
- Pace
- Pahokee
- Palatka
- Palm Aire
- Palm Bay
- Palm Beach
- Palm Beach County
- Palm Beach Gardens
- Palm Beach Shores
- Palm City
- Palm Coast
- Palm Harbor
- Palm River-Clair Mel
- Palm Springs
- Palm Springs North
- Palm Valley
- Palmetto
- Palmetto Bay
- Palmetto Estates
- Palmona Park
- Panama City
- Panama City Beach
- Paradise Heights
- Parker
- Parkland
- Pasadena Hills
- Pasco County
- Pebble Creek
- Pelican Bay
- Pembroke Park
- Pembroke Pines
- Pensacola
- Perry
- Pierson
- Pine Castle
- Pine Hills
- Pine Island Center
- Pine Island Ridge
- Pine Manor
- Pine Ridge
- Pinecrest
- Pinellas County
- Pinellas Park
- Pinewood
- Placid Lakes
- Plant City
- Plantation
- Plantation Mobile Home Park
- Poinciana
- Point Baker
- Polk City
- Polk County
- Pompano Beach
- Pompano Beach Highlands
- Ponce Inlet
- Ponte Vedra Beach
- Port Charlotte
- Port LaBelle
- Port Orange
- Port Richey
- Port Saint Joe
- Port Saint John
- Port Saint Lucie
- Port Salerno
- Pretty Bayou
- Princeton
- Progress Village
- Punta Gorda
- Punta Gorda Isles
- Punta Rassa
- Putnam County
- Quail Ridge
- Quincy
- Redington Beach
- Redington Shores
- Richmond Heights
- Richmond West
- Ridge Manor
- Ridge Wood Heights
- Ridgecrest
- River Park
- Riverview
- Riviera Beach
- Rock Island
- Rockledge
- Roosevelt Gardens
- Roseland
- Rotonda West
- Royal Palm Beach
- Royal Palm Estates
- Ruskin
- Safety Harbor
- Saint Augustine
- Saint Augustine Beach
- Saint Augustine Shores
- Saint Augustine South
- Saint Cloud
- Saint George
- Saint James City
- Saint Johns County
- Saint Leo
- Saint Lucie County
- Saint Pete Beach
- Samoset
- Samsula-Spruce Creek
- San Antonio
- San Carlos Park
- Sandalfoot Cove
- Sanford
- Sanibel
- Santa Rosa County
- Sarasota
- Sarasota County
- Sarasota Springs
- Satellite Beach
- Sawgrass
- Schall Circle
- Scott Lake
- Seaside
- Sebastian
- Sebring
- Seffner
- Seminole
- Seminole County
- Seminole Manor
- Sewall's Point
- Shady Hills
- Sharpes
- Siesta Key
- Silver Lake
- Silver Springs
- Silver Springs Shores
- Sky Lake
- Sneads
- South Apopka
- South Bay
- South Beach
- South Bradenton
- South Brooksville
- South Daytona
- South Gate Ridge
- South Highpoint
- South Miami
- South Miami Heights
- South Palm Beach
- South Pasadena
- South Patrick Shores
- South Sarasota
- South Venice
- Southchase
- Southeast Arcadia
- Southgate
- Southwest Ranches
- Spring Hill
- Springfield
- St. Johns
- St. Petersburg
- Starke
- Steinhatchee
- Stock Island
- Stuart
- Sugarmill Woods
- Sumter County
- Sun City Center
- Suncoast Estates
- Sunny Isles Beach
- Sunrise
- Sunset
- Sunshine Ranches
- Surfside
- Suwannee County
- Sweetwater
- Taft
- Tallahassee
- Tamarac
- Tamiami
- Tampa
- Tangelo Park
- Tangerine
- Tarpon Springs
- Tavares
- Tavernier
- Taylor County
- Taylor Creek
- Tedder
- Temple Terrace
- Tequesta
- Terra Mar
- The Acreage
- The Crossings
- The Hammocks
- The Meadows
- The Villages
- Thonotosassa
- Three Lakes
- Three Oaks
- Tice
- Tierra Verde
- Tiger Point
- Timber Pines
- Titusville
- Town 'n' Country
- Treasure Island
- Trenton
- Trinity
- Twin Lakes
- Tyndall Air Force Base
- Umatilla
- Union County
- Union Park
- University
- University Park
- Upper Grand Lagoon
- Valparaiso
- Valrico
- Vamo
- Venice
- Venice Gardens
- Vero Beach
- Vero Beach South
- Verona Walk
- Viera East
- Viera West
- Villages of Oriole
- Villano Beach
- Villas
- Vineyards
- Virginia Gardens
- Volusia County
- Wabasso Beach
- Wahneta
- Wakulla County
- Waldo
- Wallace
- Walton County
- Warm Mineral Springs
- Warrington
- Washington County
- Washington Park
- Watertown
- Wauchula
- Wedgefield
- Weeki Wachee Gardens
- Wekiwa Springs
- Wellborn
- Wellington
- Wesley Chapel
- West and East Lealman
- West Bradenton
- West DeLand
- West Gate
- West Hollywood
- West Little River
- West Melbourne
- West Miami
- West Palm Beach
- West Park
- West Pensacola
- West Perrine
- West Samoset
- West Vero Corridor
- Westchase
- Westchester
- Weston
- Westview
- Westwood Lake
- Wewahitchka
- Whiskey Creek
- White City
- Whitfield
- Wildwood
- Williamsburg
- Williston
- Williston Highlands
- Willow Oak
- Wilton Manors
- Wimauma
- Windermere
- Winston
- Winter Beach
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Woodlawn Beach
- Woodville
- Wright
- Yalaha
- Youngstown
- Yulee
- Zellwood
- Zephyrhills
- Zephyrhills North
- Zephyrhills South
- Zephyrhills West
- Zolfo Springs
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 5.17% 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.
