Commercial Loan Direct (CLD) provides apartment loans in Michigan. Current apartment loan rates in Michigan range from 4.93% to 12.95%, depending on the loan program.
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.
We are proud to be serving the state of Michigan. Here are our commercial loan statistics for this state.
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Michigan’s multifamily financing environment is driven by a mix of urban cores, stable suburban demand, and many markets where underwriting leans heavily on in-place performance rather than aggressive rent-growth stories. Lenders typically focus on property condition, cash flow stability, and how resilient the local demand base is. Execution often comes down to choosing the right lane: stabilized long-term debt versus transitional capital.
In Michigan, the best leverage and pricing typically come from stabilized assets with clean financials and strong third-party support. Transitional or value-add deals can be financed, but they often require shorter maturities, extension options, and a clear plan to refinance after stabilization.
Lenders respond best to clarity and proof. For stabilized deals, provide clean, consistent documentation that supports cash flow. For value-add, present a detailed plan with scope, budget, timeline, and a credible path to increased income. Conservative assumptions and strong operations often produce the best outcomes.
Michigan multifamily financing is strongest for stabilized assets with verifiable cash flow, where agency and bank options can offer attractive long-term structures. Transitional deals are financeable, but typically require bridge-style execution and a credible stabilization plan. Align the loan product with the property’s true condition and performance, and you’ll generally see faster approvals and better terms.
Commercial loan direct provides services in the following Michigan 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 Michigan economic reports to get a better understanding of your market.
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What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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