Commercial Loan Direct (CLD) provides commercial real estate loans in Mississippi. Current commercial loan rates in Mississippi range from 5.14% to 12.9% depending on the loan program.
Mississippi 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 Mississippi?
Mississippi 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.
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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 Mississippi
We are proud to be serving the state of Mississippi. Here are our commercial loan statistics for this state.
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Mississippi Multifamily Financing Landscape
Mississippi’s multifamily market is generally driven by workforce housing, smaller-to-mid sized assets, and demand tied to manufacturing, logistics, healthcare, universities, and military-adjacent employment. Financing options often depend on whether the property is stabilized, value-add, or new construction, and whether the asset is in a major metro area or a smaller secondary/tertiary market.
Common Loan Types Used in Mississippi
- Agency loans (Fannie Mae / Freddie Mac): Often used for stabilized multifamily (generally 5+ units) with predictable cash flow. Popular for longer terms and competitive pricing.
- Bank / credit union loans: Frequently used for smaller properties and local relationships, sometimes with shorter terms, recourse requirements, and tighter underwriting on value-add deals.
- Bridge loans: Used when the property needs renovations, lease-up, or operational fixes before it qualifies for permanent financing.
- CMBS / debt funds: Can fit larger or more complex deals, though they may be less common in smaller Mississippi markets unless the deal size and sponsorship justify it.
- Construction loans: Typically bank-led with strong guarantees, detailed draw processes, and strict budgets; commonly paired with a planned refinance into agency or bank perm debt.
Mississippi Market Factors Lenders Focus On
Underwriting in Mississippi often emphasizes rent durability, tenant demand stability, and exit liquidity due to smaller market depth outside the main metros. Lenders typically look closely at employer concentration, property condition, and realistic rent growth assumptions.
- Submarket strength: Metro areas and strong employment corridors generally see better terms than thinly traded rural submarkets.
- Occupancy and collections: Stabilized occupancy and consistent collections can materially improve leverage and pricing.
- Property condition and capex: Deferred maintenance and major repairs can push a deal toward bridge financing or require larger reserves.
- Comparable sales: In low-transaction areas, limited comps can tighten underwriting and reduce proceeds.
Typical Deal Profiles
- Stabilized workforce properties: Often a fit for agency or bank perm loans if the historical operations are clean and predictable.
- Value-add / repositioning: Frequently financed with bridge debt, then refinanced once renovations and lease-up are complete.
- Smaller properties (5–50 units): Commonly financed by local/community lenders, sometimes with more conservative leverage.
- New construction: Usually requires strong sponsorship, meaningful equity, and an experienced GC/developer team.
Documentation and Underwriting Expectations
Borrowers typically need to support underwriting with clear operational and financial documentation. Being prepared can shorten timelines and improve terms.
- Trailing financials and rent roll: Clean T-12s, current rent roll, and realistic pro forma assumptions.
- Property condition: Inspection reports, capex plan, and proof of contractor bids for renovations.
- Sponsor profile: Net worth, liquidity, and experience operating similar assets.
- Third-party reports: Often includes appraisal, environmental (Phase I), and property condition assessment depending on the lender and loan type.
Challenges and Opportunities
Mississippi can offer opportunities for yield and workforce housing demand, but lenders may price in additional risk in smaller markets. Projects that demonstrate strong management, realistic rent assumptions, and a credible business plan tend to win the best terms.
- Challenges: thinner comps in tertiary areas, limited rent-growth tolerance from underwriters, and stricter scrutiny on value-add execution.
- Opportunities: improving operations on under-managed assets, renovating to meet modern expectations, and targeting stable employment submarkets.
How to Improve Your Financing Outcome
- Match the loan to the story: stabilized assets usually want permanent debt; heavy value-add often needs bridge.
- Be conservative on pro formas: show support for rent assumptions and provide a detailed capex scope.
- Highlight demand drivers: employers, universities, hospitals, and transportation corridors that support occupancy.
- Show liquidity and reserves: lenders respond well to clear capacity to handle surprises.
Lending Cities
Commercial loan direct provides services in the following Mississippi 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
- Ackerman
- Adams County
- Alcorn County
- Amite County
- Amory
- Arnold Line
- Ashland
- Attala County
- Baldwyn
- Batesville
- Bay Saint Louis
- Bay Springs
- Beechwood
- Belmont
- Belzoni
- Benton County
- Biloxi
- Bolivar County
- Booneville
- Brandon
- Brookhaven
- Brooksville
- Bruce
- Bude
- Byhalia
- Byram
- Caledonia
- Calhoun City
- Calhoun County
- Canton
- Carriere
- Carroll County
- Carrollton
- Carthage
- Centreville
- Charleston
- Chickasaw County
- Choctaw County
- Claiborne County
- Clarke County
- Clarksdale
- Clay County
- Cleary
- Cleveland
- Clinton
- Coahoma County
- Coldwater
- Collins
- Collinsville
- Columbia
- Columbus
- Columbus Air Force Base
- Como
- Conehatta
- Copiah County
- Corinth
- Covington County
- Crystal Springs
- D'Iberville
- De Kalb
- De Lisle
- De Soto County
- Decatur
- Derma
- Diamondhead
- Drew
- Duck Hill
- Durant
- Edwards
- Ellisville
- Escatawpa
- Eupora
- Farmington
- Fayette
- Flora
- Florence
- Flowood
- Forest
- Forrest County
- Franklin County
- Friars Point
- Fulton
- Gautier
- George County
- Glendale
- Goodman
- Greene County
- Greenville
- Greenwood
- Grenada
- Grenada County
- Gulf Hills
- Gulf Park Estates
- Gulfport
- Guntown
- Hancock County
- Harrison County
- Hattiesburg
- Hazlehurst
- Helena
- Hernando
- Hickory Hills
- Hide-A-Way Lake
- Hillsboro
- Hinds County
- Hollandale
- Holly Springs
- Holmes County
- Horn Lake
- Houston
- Humphreys County
- Hurley
- Indianola
- Issaquena County
- Itawamba County
- Itta Bena
- Iuka
- Jackson
- Jackson County
- Jasper County
- Jefferson County
- Jefferson Davis County
- Jones County
- Jonestown
- Kearney Park
- Kemper County
- Kiln
- Kosciusko
- Lafayette County
- Lamar County
- Lambert
- Latimer
- Lauderdale County
- Laurel
- Lawrence County
- Leake County
- Leakesville
- Lee County
- Leflore County
- Leland
- Lexington
- Liberty
- Lincoln County
- Long Beach
- Louisville
- Lowndes County
- Lucedale
- Lumberton
- Lyman
- Lynchburg
- Macon
- Madison
- Madison County
- Magee
- Magnolia
- Mantachie
- Marion
- Marion County
- Marks
- Marshall County
- Mayersville
- McComb
- Meadville
- Mendenhall
- Meridian
- Meridian Station
- Metcalfe
- Mikoma
- Monroe County
- Montgomery County
- Monticello
- Moorhead
- Morgantown
- Morton
- Moss Point
- Mound Bayou
- Natchez
- Nellieburg
- Neshoba County
- Nettleton
- New Albany
- New Augusta
- New Hope
- Newton
- Newton County
- Nicholson
- North Tunica
- Noxubee County
- Ocean Springs
- Okolona
- Oktibbeha County
- Olive Branch
- Oxford
- Panola County
- Pascagoula
- Pass Christian
- Pearl
- Pearl River
- Pearl River County
- Pearlington
- Pelahatchie
- Perry County
- Petal
- Philadelphia
- Picayune
- Pickens
- Pike County
- Pittsboro
- Plantersville
- Pontotoc
- Pontotoc County
- Poplarville
- Port Gibson
- Prentiss
- Prentiss County
- Purvis
- Quitman
- Quitman County
- Raleigh
- Rankin County
- Rawls Springs
- Raymond
- Richland
- Richton
- Ridgeland
- Ripley
- Rolling Fork
- Rosedale
- Ruleville
- Saint Martin
- Saltillo
- Sardis
- Saucier
- Scott County
- Senatobia
- Shannon
- Sharkey County
- Sharon
- Shaw
- Shelby
- Simpson County
- Smith County
- Southaven
- Starkville
- Stone County
- Stonewall
- Summit
- Sumrall
- Sunflower
- Sunflower County
- Tallahatchie County
- Tate County
- Taylorsville
- Tchula
- Terry
- Tippah County
- Tishomingo County
- Tunica
- Tunica County
- Tunica Resorts
- Tupelo
- Tutwiler
- Tylertown
- Union
- Union County
- University
- Vancleave
- Vardaman
- Verona
- Vicksburg
- Wade
- Walls
- Walnut Grove
- Walthall
- Walthall County
- Warren County
- Washington County
- Water Valley
- Waveland
- Wayne County
- Waynesboro
- Webster County
- Wesson
- West Gulfport
- West Hattiesburg
- West Point
- Wiggins
- Wilkinson County
- Winona
- Winston County
- Woodville
- Yalobusha County
- Yazoo City
- Yazoo County
