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Multifamily & Apartment Financing in Kansas

Commercial Loan Direct (CLD) provides apartment loans in Kansas. Current apartment loan rates in Kansas range from 4.93% to 12.95%, depending on the loan program.

Kansas Apartment Loan Rates

Loan Types Rates LTV Loan Amount
Fannie Mae 5.66% - 6.46% 80% $700,000+
Freddie Mac 5.96% - 9.43% 80% $1,000,000+
FHA 4.84% - 6.19% 83.3% $5,000,000+
Conduit / CMBS 5.81% - 7.74% 75% $2,000,000+
Insurance 5.31% - 8.59% 75% $5,000,000+
USDA 6.2% - 8.95% 85% $1,000,000+
Bridge 5.95% - 12.95% 80% $1,500,000+
Construction 5.7% - 8.95% 83.3% $1,000,000+
Conventional 4.93% - 8.95% 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 Kansas

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

Kansas Cities and Towns Served

25

The 2026 environment in Kansas is defined by a selective development pipeline and a strategic focus on secondary markets. With vacancy rates in suburban hubs like Johnson and Clay counties reaching historic lows, financing is shifting toward "middle-market" assets that cater to a growing manufacturing and healthcare workforce.

State Agency Programs and the 2026 QAP

The KHRC manages the core of the state's affordable and workforce housing capital. The 2026 Qualified Allocation Plan (QAP) includes several critical pivots for developers to note:

  • 2026 Low-Income Housing Tax Credits (LIHTC): For 9% credits, the term "LIHTC" in 2026 refers to both the federal and the Kansas Affordable Housing Tax Credit (KAHTC). However, due to recent legislative amendments (HB 2289), the State LIHTC is no longer available for developments receiving 4% Federal LIHTCs as of 2026.
  • KAHTC Sunset and Caps: The Kansas Affordable Housing Tax Credit is being phased out, with a complete discontinuation scheduled after 2028. For the 2026 cycle, KHRC has implemented an $8.8 million aggregate cap for 9% awards.
  • Kansas Housing Investor Tax Credit (KHITC): A vital tool for projects that do not qualify for low-income credits. This program offers up to $30,000 to $35,000 per unit (depending on county population) to investors who make cash investments in qualified housing projects. Notably, this fund is strictly for non-LIHTC projects.
  • Moderate Income Housing (MIH) Program: Provides grants or loans to cities and counties to develop housing for moderate-income households that do not qualify for federal assistance. In 2026, these funds are frequently used for infrastructure and pre-development costs.

Regional Incentives and Workforce Tools

Beyond state-wide credits, Kansas utilize specialized local tools to make multifamily "pencil out" in varying economic zones.

  • Rural Housing Incentive Districts (RHID): A cornerstone for development in rural areas. RHID allows developers to capture the incremental increase in real property taxes for up to 25 years to finance public infrastructure and renovation costs.
  • Kansas Housing Cooperative Program: Active in 2026 across Northwest Kansas, this program offers forgivable loans to developers and homeowners to buy down construction costs for new builds, including duplexes and small-scale multifamily units.
  • Downtown Revitalization: Cities like Lawrence and Wichita are increasingly using 10-year, 100% property tax abatements on the increase in value to incentivize "permanently affordable" projects that commit to affordability for 99 years.

2026 Market Trends and Debt Metrics

Financing in Kansas is currently benefiting from "Sunbelt" spillover and a resilient Midwest economy.

  • Suburban Demand: Submarkets around Kansas City (Platte and Clay counties) have seen vacancy rates drop by over 200 basis points entering 2026. This has led to a "flight to quality," where lenders are prioritizing suburban Class B assets.
  • Interest Rate Stabilization: Benchmark rates for permanent, non-recourse debt have settled into the 3.6% to 4.6% range. This stability has triggered a "1031 Exchange Wave," as investors move capital from oversupplied Sunbelt markets into the more stable Kansas corridor.
  • Operational Pressures: While rent growth is steady, 2026 underwriting is strictly accounting for 50% tariffs on steel, aluminum, and copper parts. Lenders are generally requiring a Debt Service Coverage Ratio (DSCR) of 1.25x or higher for new construction.

Lending Cities

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

  • Abilene
  • Allen County
  • Alma
  • Altamont
  • Anderson County
  • Andover
  • Anthony
  • Arkansas City
  • Arma
  • Ashland
  • Atchison
  • Atchison County
  • Atwood
  • Auburn
  • Augusta
  • Baldwin City
  • Barber County
  • Barton County
  • Basehor
  • Baxter Springs
  • Bellaire
  • Belle Plaine
  • Belleville
  • Beloit
  • Bonner Springs
  • Bourbon County
  • Brown County
  • Buhler
  • Burlington
  • Butler County
  • Caldwell
  • Caney
  • Carbondale
  • Chanute
  • Chapman
  • Chase County
  • Chautauqua County
  • Cheney
  • Cherokee County
  • Cherryvale
  • Chetopa
  • Cheyenne County
  • Cimarron
  • Clark County
  • Clay Center
  • Clay County
  • Clearwater
  • Cloud County
  • Coffey County
  • Coffeyville
  • Colby
  • Coldwater
  • Columbus
  • Colwich
  • Comanche County
  • Concordia
  • Conway Springs
  • Cottonwood Falls
  • Council Grove
  • Cowley County
  • Crawford County
  • De Soto
  • Decatur County
  • Derby
  • Dickinson County
  • Dighton
  • Dodge City
  • Doniphan County
  • Douglas County
  • Douglass
  • Edgerton
  • Edwards County
  • Edwardsville
  • El Dorado
  • Elk County
  • Elkhart
  • Ellinwood
  • Ellis
  • Ellis County
  • Ellsworth
  • Ellsworth County
  • Elwood
  • Emporia
  • Erie
  • Eudora
  • Eureka
  • Fairway
  • Finney County
  • Ford County
  • Fort Riley North
  • Fort Scott
  • Franklin County
  • Fredonia
  • Frontenac
  • Galena
  • Garden City
  • Gardner
  • Garnett
  • Geary County
  • Girard
  • Goddard
  • Goodland
  • Gove
  • Gove County
  • Graham County
  • Grandview Plaza
  • Grant County
  • Gray County
  • Great Bend
  • Greeley County
  • Greensburg
  • Greenwood County
  • Halstead
  • Hamilton County
  • Harper
  • Harper County
  • Harvey County
  • Haskell County
  • Haven
  • Hays
  • Haysville
  • Herington
  • Hesston
  • Hiawatha
  • Highland
  • Hill City
  • Hillsboro
  • Hodgeman County
  • Hoisington
  • Holcomb
  • Holton
  • Horton
  • Howard
  • Hoxie
  • Hugoton
  • Humboldt
  • Hutchinson
  • Independence
  • Inman
  • Iola
  • Jackson County
  • Jefferson County
  • Jetmore
  • Jewell County
  • Johnson
  • Johnson County
  • Junction City
  • Kansas City
  • Kearny County
  • Kechi
  • Kingman
  • Kingman County
  • Kinsley
  • Kiowa
  • Kiowa County
  • La Crosse
  • La Cygne
  • Labette County
  • Lakin
  • Lane County
  • Lansing
  • Larned
  • Lawrence
  • Leavenworth
  • Leavenworth County
  • Leawood
  • Lenexa
  • Leoti
  • Liberal
  • Lincoln
  • Lincoln County
  • Lindsborg
  • Linn County
  • Logan County
  • Louisburg
  • Lyndon
  • Lyon County
  • Lyons
  • Maize
  • Manhattan
  • Mankato
  • Marion
  • Marion County
  • Marshall County
  • Marysville
  • McConnell AFB
  • McPherson
  • McPherson County
  • Meade
  • Meade County
  • Medicine Lodge
  • Merriam
  • Miami County
  • Minneapolis
  • Mission
  • Mission Hills
  • Mitchell County
  • Montgomery County
  • Morris County
  • Morton County
  • Mound City
  • Moundridge
  • Mulvane
  • Nemaha County
  • Neodesha
  • Neosho County
  • Ness City
  • Ness County
  • New Century, KS
  • Newton
  • Nickerson
  • North Newton
  • Norton
  • Norton County
  • Oakley
  • Oberlin
  • Ogden
  • Olathe
  • Osage City
  • Osage County
  • Osawatomie
  • Osborne
  • Osborne County
  • Oskaloosa
  • Oswego
  • Ottawa
  • Ottawa County
  • Overbrook
  • Overland Park
  • Oxford
  • Paola
  • Park City
  • Parsons
  • Pawnee County
  • Peabody
  • Phillips County
  • Phillipsburg
  • Pittsburg
  • Plains
  • Plainville
  • Pleasanton
  • Pottawatomie County
  • Prairie Village
  • Pratt
  • Pratt County
  • Rawlins County
  • Reno County
  • Republic County
  • Rice County
  • Riley County
  • Roeland Park
  • Rooks County
  • Rose Hill
  • Rossville
  • Rush County
  • Russell
  • Russell County
  • Sabetha
  • Saint Francis
  • Saint John
  • Saint Marys
  • Salina
  • Saline County
  • Satanta
  • Scott City
  • Scott County
  • Sedan
  • Sedgwick
  • Sedgwick County
  • Seneca
  • Seward County
  • Sharon Springs
  • Shawnee
  • Shawnee County
  • Sheridan County
  • Sherman County
  • Silver Lake
  • Smith Center
  • Smith County
  • Solomon
  • South Hutchinson
  • Spring Hill
  • Stafford County
  • Stanton County
  • Sterling
  • Stevens County
  • Stockton
  • Sublette
  • Sumner County
  • Syracuse
  • Thomas County
  • Tonganoxie
  • Topeka
  • Towanda
  • Trego County
  • Tribune
  • Troy
  • Ulysses
  • Valley Center
  • Valley Falls
  • Victoria
  • Wabaunsee County
  • WaKeeney
  • Wallace County
  • Wamego
  • Washington
  • Washington County
  • Wathena
  • Wellington
  • Wellsville
  • Westmoreland
  • Westwood
  • Wichita
  • Wichita County
  • Wilson County
  • Winfield
  • Woodson County
  • Wyandotte County
  • Yates Center

Commercial Loan FAQs in Kansas

Multifamily interest rates in Kansas vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.93% to 12.95%.

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

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

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