Multifamily & Apartment Financing in Georgia

Commercial Loan Direct (CLD) provides apartment loans in Georgia. Current apartment loan rates in Georgia range from 4.83% to 12.85%, depending on the loan program.

Georgia Apartment Loan Rates

Loan Types Rates LTV Loan Amount
Fannie Mae 5.56% - 6.36% 80% $700,000+
Freddie Mac 5.86% - 9.33% 80% $1,000,000+
FHA 4.74% - 6.09% 83.3% $5,000,000+
Conduit / CMBS 5.71% - 7.64% 75% $2,000,000+
Insurance 5.21% - 8.49% 75% $5,000,000+
USDA 6.1% - 8.85% 85% $1,000,000+
Bridge 5.85% - 12.85% 80% $1,500,000+
Construction 5.6% - 8.85% 83.3% $1,000,000+
Conventional 4.83% - 8.85% 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 Georgia

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

Georgia Cities and Towns Served

165

Georgia Multifamily Financing Landscape

Georgia’s multifamily market is heavily influenced by population growth, job expansion, and a wide spread of submarkets ranging from core urban to fast-growing suburbs. Lenders typically segment Georgia deals by location quality, asset class, and rent/occupancy durability. In many areas, underwriting is less about a “story” and more about proof of performance and defensible demand.

Common Loan Types You’ll See

  • Agency (Fannie Mae / Freddie Mac): Frequently used for stabilized assets with consistent occupancy and strong collections. Often provides attractive long-term options when the property is already performing.
  • Bank / Credit Union: Common for smaller multifamily, short-to-medium terms, and relationship-driven financing. Local lenders may lean on sponsor track record and submarket familiarity.
  • Debt Funds / Bridge: Popular for renovations, lease-ups, or repositioning. Typically higher cost, but can fund value-add plans that agencies or banks won’t support until stabilized.
  • CMBS: Can fit larger, stabilized properties, especially when structure flexibility matters. Execution depends on market conditions and property profile, but can be competitive for certain deal sizes.
  • HUD / FHA: Works best for borrowers seeking long-term, fixed-rate financing and who can handle more process and timeline. Often a good fit when the deal is planned well in advance.
  • Affordable / LIHTC & Public-Private Capital: For deals with affordability components, layered sources can reduce cost of capital, but add compliance, reporting, and documentation requirements.

What Lenders Underwrite Closest

  • Submarket strength: Lenders care where the deal sits—demand drivers, comparable rents, and competitive supply.
  • Occupancy & collections: Stability matters; soft performance usually pushes a deal toward bridge execution.
  • Rent growth assumptions: Aggressive projections are discounted; underwriting favors in-place performance.
  • Expense realism: Property taxes, insurance, payroll, repairs, and turnover assumptions are closely reviewed.
  • Physical condition: Deferred maintenance and older systems can trigger reserves, escrows, or product changes.
  • Sponsor liquidity and experience: Strong sponsors can improve leverage, terms, and lender comfort.

Leverage, Terms, and Structure Trends

Georgia execution often depends on whether the property is stabilized or transitional. Stabilized assets can typically access longer terms and better pricing, while transitional deals tend to use shorter maturities with extension options and a clear path to refinance after renovations or lease-up.

  • Stabilized properties: Better pricing, longer amortization, and smoother closings when financials are clean.
  • Value-add / transitional: Higher rates, more scrutiny on capex and timelines, and often tighter covenants.
  • Class A vs Class B/C: Newer assets generally finance more easily; older workforce housing can still work but needs solid ops.

Georgia-Specific Factors That Can Matter

  • Supply pockets: Some submarkets experience heavier new deliveries, which can pressure occupancy and concessions.
  • Insurance volatility: Lenders often stress insurance and replacement reserves to avoid DSCR surprises.
  • Tax and reassessment risk: Underwriting may include higher “post-sale” tax assumptions depending on county behavior.
  • Property management execution: Workforce housing performance can hinge on turnover control, maintenance, and collections.

Challenges That Can Slow Approvals

  • Messy or incomplete financials: Missing T-12s, inconsistent bank statements, unclear add-backs, or weak rent rolls.
  • Capex not supported: No bids, vague scope, or unrealistic timelines can reduce leverage or kill the loan fit.
  • Over-optimistic pro formas: Underwriting discounts “hockey-stick” rent growth without comps and execution proof.
  • Deferred maintenance: Inspections revealing major repairs can trigger escrows or push to bridge financing.

How to Position a Georgia Multifamily Deal for Better Terms

Lenders respond best to clarity and proof. If the deal is stabilized, make the package clean and complete. If it’s value-add, make the plan specific and financeable with a credible budget and timeline. Underwriting typically rewards deals where the sponsor can show operational control and realistic assumptions.

  • Deliver a lender-ready package: Rent roll, T-12, last two years (if available), and a realistic pro forma.
  • Support market assumptions: Provide comps for rents, renovations, and concessions where relevant.
  • Itemize capex: Scope, bids, contingency, and timing—tie improvements to rent premiums and lease-up.
  • Show sponsor strength: Liquidity, net worth, multifamily experience, and property management plan.

Bottom Line

Georgia multifamily financing can be very competitive for stabilized properties in strong submarkets, with multiple lender options. Transitional deals are also financeable, but usually require bridge-style structures and a clear execution plan. Match the loan product to the asset’s reality—stabilized goes long-term, transitional goes bridge—and you’ll typically get faster approvals and stronger terms.

Lending Cities

Commercial loan direct provides services in the following Georgia 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 Georgia economic reports to get a better understanding of your market.

  • Abbeville
  • Acworth
  • Adairsville
  • Adel
  • Alamo
  • Albany
  • Alma
  • Alpharetta
  • Alto
  • Americus
  • Appling County
  • Aragon
  • Arcade
  • Arlington
  • Ashburn
  • Athens
  • Atkinson County
  • Atlanta
  • Auburn
  • Augusta
  • Austell
  • Avondale Estates
  • Bacon County
  • Bainbridge
  • Baker County
  • Baldwin
  • Baldwin County
  • Ball Ground
  • Banks County
  • Barnesville
  • Barrow County
  • Bartow County
  • Baxley
  • Belvedere Park
  • Ben Hill County
  • Berkeley Lake
  • Berrien County
  • Bibb County
  • Blackshear
  • Blairsville
  • Blakely
  • Bleckley County
  • Bloomingdale
  • Blue Ridge
  • Bogart
  • Bonanza
  • Boston
  • Bowdon
  • Brantley County
  • Braselton
  • Bremen
  • Brookhaven
  • Brooklet
  • Brooks County
  • Broxton
  • Brunswick
  • Bryan County
  • Buchanan
  • Buena Vista
  • Buford
  • Bulloch County
  • Burke County
  • Butler
  • Butts County
  • Byron
  • Cairo
  • Calhoun
  • Calhoun County
  • Camden County
  • Camilla
  • Candler County
  • Candler-McAfee
  • Canton
  • Carnesville
  • Carroll County
  • Carrollton
  • Cartersville
  • Catoosa County
  • Cave Spring
  • Cedartown
  • Centerville
  • Chamblee
  • Charlton County
  • Chatham County
  • Chatsworth
  • Chattahoochee County
  • Chattahoochee Hills
  • Chattanooga Valley
  • Chattooga County
  • Cherokee County
  • Chester
  • Chickamauga
  • Clarke County
  • Clarkesville
  • Clarkston
  • Claxton
  • Clay County
  • Clayton
  • Clayton County
  • Cleveland
  • Clinch County
  • Cobb County
  • Cochran
  • Coffee County
  • College Park
  • Colquitt
  • Colquitt County
  • Columbia County
  • Columbus
  • Comer
  • Commerce
  • Conley
  • Conyers
  • Cook County
  • Cordele
  • Cornelia
  • Country Club Estates
  • Covington
  • Coweta County
  • Crawford County
  • Crawfordville
  • Crisp County
  • Cumming
  • Cusseta
  • Cuthbert
  • Dacula
  • Dade County
  • Dahlonega
  • Dallas
  • Dalton
  • Danielsville
  • Darien
  • Davisboro
  • Dawson
  • Dawson County
  • Dawsonville
  • Decatur
  • Decatur County
  • Deenwood
  • DeKalb County
  • Demorest
  • Dock Junction
  • Dodge County
  • Donalsonville
  • Dooly County
  • Doraville
  • Dougherty County
  • Douglas
  • Douglas County
  • Douglasville
  • Druid Hills
  • Dublin
  • Duluth
  • Dunwoody
  • Early County
  • East Dublin
  • East Griffin
  • East Newnan
  • East Point
  • Eastman
  • Eatonton
  • Echols County
  • Edison
  • Effingham County
  • Elbert County
  • Elberton
  • Ellaville
  • Ellijay
  • Emanuel County
  • Emerson
  • Enigma
  • Euharlee
  • Evans
  • Evans County
  • Experiment
  • Fair Oaks
  • Fairburn
  • Fairview
  • Fannin County
  • Fayette County
  • Fayetteville
  • Firing Range
  • Fitzgerald
  • Flowery Branch
  • Floyd County
  • Folkston
  • Forest Park
  • Forsyth
  • Forsyth County
  • Fort Gaines
  • Fort Oglethorpe
  • Fort Stewart
  • Fort Valley
  • Franklin
  • Franklin County
  • Franklin Springs
  • Fulton County
  • Gainesville
  • Garden City
  • Georgetown
  • Gibson
  • Gilmer County
  • Glascock County
  • Glennville
  • Glynn County
  • Gordon
  • Gordon County
  • Grady County
  • Grantville
  • Gray
  • Grayson
  • Greene County
  • Greensboro
  • Greenville
  • Gresham Park
  • Griffin
  • Grovetown
  • Gumlog
  • Guyton
  • Gwinnett County
  • Habersham County
  • Hahira
  • Hall County
  • Hamilton
  • Hampton
  • Hancock County
  • Hannahs Mill
  • Hapeville
  • Haralson County
  • Hardwick
  • Harlem
  • Harris County
  • Hart County
  • Hartwell
  • Hawkinsville
  • Hazlehurst
  • Heard County
  • Helena
  • Henderson
  • Henry County
  • Hephzibah
  • Hiawassee
  • Hinesville
  • Hiram
  • Hogansville
  • Holly Springs
  • Homer
  • Homerville
  • Hoschton
  • Houston County
  • Indian Springs
  • Irondale
  • Irwin County
  • Irwinton
  • Isle of Hope
  • Jackson
  • Jackson County
  • Jasper
  • Jasper County
  • Jeff Davis County
  • Jefferson
  • Jefferson County
  • Jeffersonville
  • Jenkins County
  • Jesup
  • Johns Creek
  • Johnson County
  • Jones County
  • Jonesboro
  • Kennesaw
  • Kings Bay Base
  • Kingsland
  • Knoxville
  • LaFayette
  • LaGrange
  • Lake City
  • Lakeland
  • Lakeview
  • Lakeview Estates
  • Lamar County
  • Lanier County
  • Laurens County
  • Lavonia
  • Lawrenceville
  • Lee County
  • Leesburg
  • Lexington
  • Liberty County
  • Lilburn
  • Lincoln County
  • Lincolnton
  • Lindale
  • Lithia Springs
  • Lithonia
  • Locust Grove
  • Loganville
  • Long County
  • Lookout Mountain
  • Louisville
  • Lovejoy
  • Lowndes County
  • Ludowici
  • Lula
  • Lumber City
  • Lumpkin
  • Lumpkin County
  • Lyons
  • Mableton
  • Macon
  • Macon County
  • Madison
  • Madison County
  • Manchester
  • Marietta
  • Marion County
  • Marshallville
  • Martinez
  • Maysville
  • McCaysville
  • McDonough
  • McDuffie County
  • McIntosh County
  • McRae
  • Meigs
  • Meriwether County
  • Metter
  • Midway
  • Milledgeville
  • Millen
  • Miller County
  • Milton
  • Mitchell County
  • Monroe
  • Monroe County
  • Montezuma
  • Montgomery
  • Montgomery County
  • Monticello
  • Morgan
  • Morgan County
  • Morrow
  • Moultrie
  • Mount Airy
  • Mount Vernon
  • Mount Zion
  • Mountain City
  • Mountain Park
  • Murray County
  • Muscogee County
  • Nahunta
  • Nashville
  • Nelson
  • Newnan
  • Newton
  • Newton County
  • Nicholls
  • Nicholson
  • Norcross
  • North Atlanta
  • North Decatur
  • North Druid Hills
  • Oakwood
  • Ocilla
  • Oconee County
  • Oglethorpe
  • Oglethorpe County
  • Omega
  • Oxford
  • Palmetto
  • Panthersville
  • Paulding County
  • Peach County
  • Peachtree City
  • Peachtree Corners
  • Pearson
  • Pelham
  • Pembroke
  • Perry
  • Pickens County
  • Pierce County
  • Pike County
  • Pine Mountain
  • Polk County
  • Pooler
  • Port Wentworth
  • Porterdale
  • Powder Springs
  • Preston
  • Pulaski County
  • Putnam County
  • Putney
  • Quitman
  • Quitman County
  • Rabun County
  • Randolph County
  • Raoul
  • Ray City
  • Redan
  • Reed Creek
  • Reidsville
  • Remerton
  • Reynolds
  • Richland
  • Richmond County
  • Richmond Hill
  • Rincon
  • Ringgold
  • Riverdale
  • Robins Air Force Base
  • Rochelle
  • Rockdale County
  • Rockmart
  • Rome
  • Rossville
  • Roswell
  • Royston
  • Russell
  • Rydal
  • Saint Simon Mills
  • Saint Simons Island
  • Sandersville
  • Sandy Springs
  • Sardis
  • Savannah
  • Schley County
  • Scottdale
  • Screven County
  • Seminole County
  • Senoia
  • Shannon
  • Skidaway Island
  • Smyrna
  • Snellville
  • Social Circle
  • Soperton
  • Spalding County
  • Sparks
  • Sparta
  • Springfield
  • St. Marys
  • Statenville
  • Statesboro
  • Statham
  • Stephens County
  • Stewart County
  • Stockbridge
  • Stone Mountain
  • Stonecrest
  • Sugar Hill
  • Summerville
  • Sumter County
  • Sunnyside
  • Suwanee
  • Swainsboro
  • Sylvania
  • Sylvester
  • Talbot County
  • Talbotton
  • Taliaferro County
  • Tallapoosa
  • Tattnall County
  • Taylor County
  • Telfair County
  • Temple
  • Tennille
  • Terrell County
  • Thomas County
  • Thomaston
  • Thomasville
  • Thomson
  • Thunderbolt
  • Tift County
  • Tifton
  • Toccoa
  • Toombs County
  • Towns County
  • Trenton
  • Treutlen County
  • Trion
  • Troup County
  • Tucker
  • Turner County
  • Twiggs County
  • Twin City
  • Tybee Island
  • Tyrone
  • Unadilla
  • Union City
  • Union County
  • Union Point
  • Unionville
  • Upson County
  • Valdosta
  • Varnell
  • Vidalia
  • Vienna
  • Villa Rica
  • Vinings
  • Wadley
  • Walker County
  • Walnut Grove
  • Walthourville
  • Walton County
  • Ware County
  • Warner Robins
  • Warren County
  • Warrenton
  • Washington
  • Washington County
  • Watkinsville
  • Waycross
  • Wayne County
  • Waynesboro
  • Webster County
  • West Point
  • West Warrenton
  • Wheeler County
  • White County
  • Whitemarsh Island
  • Whitfield County
  • Wilcox County
  • Wilkes County
  • Wilkinson County
  • Willacoochee
  • Wilmington Island
  • Winder
  • Winterville
  • Woodbine
  • Woodstock
  • Worth County
  • Wrens
  • Wrightsville
  • Young Harris
  • Zebulon

Commercial Loan FAQs in Georgia

Multifamily interest rates in Georgia vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.83% to 12.85%.

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

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

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