Multifamily & Apartment Financing in Missouri

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

Missouri 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 Missouri

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

Missouri Cities and Towns Served

59

Missouri Multifamily Commercial Lending Landscape

Missouri’s multifamily lending environment is shaped by a mix of major metros (especially Kansas City and St. Louis), strong workforce housing demand, and a broad spread of secondary markets (Springfield, Columbia, Jefferson City, and others). Lenders typically price and structure loans based on submarket liquidity, property condition, and whether the deal is stabilized or value-add.

Primary Financing Options in Missouri

  • Agency loans (Fannie Mae / Freddie Mac): Common for stabilized 5+ unit properties with consistent cash flow. Often chosen for longer terms, attractive leverage, and non-recourse structures (subject to standard carve-outs).
  • Local and regional banks / credit unions: Frequently finance smaller properties and relationship-based deals. Terms can be competitive, but recourse, shorter maturities, and tighter covenants are common.
  • Bridge loans: Used for renovations, lease-up, or operational turnarounds where the asset is not yet ready for permanent debt.
  • CMBS and debt funds: Can fit larger loan sizes or complex sponsorship structures, sometimes used when banks are conservative or when speed and flexibility matter.
  • Construction financing: Typically requires strong guarantees, experienced sponsorship, and detailed budgets/draw schedules; often paired with a planned takeout into agency or bank perm debt.

Missouri Market Drivers That Impact Underwriting

Underwriting in Missouri often distinguishes between core metro submarkets with deeper transaction volume and secondary/tertiary markets where lender caution can increase. Lenders also pay close attention to rent growth realism, employment drivers, and asset-level operating history.

  • Submarket liquidity: Kansas City and St. Louis submarkets typically offer stronger loan terms than thinly traded rural areas.
  • Occupancy and collections: Stable historical performance can improve leverage and pricing; volatility can reduce proceeds.
  • Property condition and capex: Deferred maintenance, roof/HVAC/plumbing needs, or major unit turns can push the deal toward bridge financing or require larger reserves.
  • Comparable sales and appraised value: Limited comps in smaller markets can tighten lender proceeds even if operations are strong.
  • Economic anchors: Universities, healthcare systems, logistics hubs, and government/employer concentration help support demand narratives.

Common Missouri Deal Profiles

  • Stabilized multifamily: Often financed with agency or bank permanent loans when the property shows consistent cash flow and clean financials.
  • Value-add repositioning: Frequently uses bridge debt to fund renovations and stabilize operations, then refinances to permanent debt.
  • Small-balance properties: 5–50 unit buildings often rely on local lenders; documentation quality and sponsor experience matter a lot.
  • New development: Construction loans tend to be conservative and sponsorship-driven, with heavy emphasis on equity, guarantees, and feasibility.

What Lenders Typically Require

A well-prepared package can significantly improve execution and timeline. Lenders generally want clear support for cash flow, collateral condition, and sponsor capacity.

  • Financials: Trailing 12-month (T-12) operating statements, current rent roll, and a credible pro forma.
  • Sponsor strength: Net worth, liquidity, track record, and management plan.
  • Third-party reports: Appraisal, Phase I environmental, and property condition reports depending on lender/loan type.
  • Renovation scope: For value-add, a detailed capex budget, timeline, contractor bids, and lease-up plan.

Challenges and Opportunities in Missouri

Missouri can offer attractive pricing and yield opportunities, but loan terms vary widely depending on location, asset class, and execution risk. The best outcomes usually come when the loan structure matches the property’s current state and the business plan is supported by realistic assumptions.

  • Challenges: tighter underwriting in tertiary markets, appraisal sensitivity due to comps, and heightened scrutiny on aggressive rent growth.
  • Opportunities: renovating under-managed properties, stabilizing operations for a refinance, and targeting strong metro-adjacent or institution-driven demand pockets.

How to Strengthen a Missouri Multifamily Loan Request

  • Match debt to the asset: Stabilized properties generally fit permanent financing; heavy value-add often needs bridge.
  • Be disciplined on assumptions: Provide support for rent comps, expense ratios, and renovation ROI.
  • Tell a clear submarket story: Highlight demand drivers like employment, healthcare, universities, and infrastructure.
  • Show liquidity and reserves: Demonstrate capacity to handle capex surprises and leasing downtime.

Lending Cities

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

  • Adair County
  • Adrian
  • Advance
  • Affton
  • Albany
  • Alton
  • Anderson
  • Andrew County
  • Appleton City
  • Archie
  • Arnold
  • Ash Grove
  • Ashland
  • Atchison County
  • Audrain County
  • Aurora
  • Ava
  • Ballwin
  • Barnhart
  • Barry County
  • Barton County
  • Bates County
  • Battlefield
  • Bel-Nor
  • Bel-Ridge
  • Belle
  • Bellefontaine Neighbors
  • Belton
  • Benton
  • Benton County
  • Berkeley
  • Bernie
  • Bethany
  • Billings
  • Bismarck
  • Black Jack
  • Bloomfield
  • Blue Springs
  • Bolivar
  • Bollinger County
  • Bonne Terre
  • Boone County
  • Boonville
  • Bourbon
  • Bowling Green
  • Branson
  • Breckenridge Hills
  • Brentwood
  • Bridgeton
  • Brookfield
  • Buchanan County
  • Buckner
  • Buffalo
  • Butler
  • Butler County
  • Byrnes Mill
  • Cabool
  • Caldwell County
  • California
  • Callaway County
  • Calverton Park
  • Camden County
  • Camdenton
  • Cameron
  • Campbell
  • Canton
  • Cape Girardeau
  • Cape Girardeau County
  • Carl Junction
  • Carroll County
  • Carrollton
  • Carter County
  • Carterville
  • Carthage
  • Caruthersville
  • Cass County
  • Cassville
  • Castle Point
  • Cedar County
  • Cedar Hill
  • Centerville
  • Centralia
  • Chaffee
  • Chariton County
  • Charlack
  • Charleston
  • Chesterfield
  • Chillicothe
  • Christian County
  • City of Saint Louis
  • Clark County
  • Clarkson Valley
  • Clarkton
  • Clay County
  • Claycomo
  • Clayton
  • Clever
  • Clinton
  • Clinton County
  • Cole Camp
  • Cole County
  • Columbia
  • Concord
  • Concordia
  • Cool Valley
  • Cooper County
  • Cottleville
  • Country Club Hills
  • Country Club Village
  • Crane
  • Crawford County
  • Crestwood
  • Creve Coeur
  • Crocker
  • Crystal City
  • Cuba
  • Dade County
  • Dallas County
  • Dardenne Prairie
  • Daviess County
  • De Soto
  • DeKalb County
  • Dellwood
  • Dent County
  • Des Peres
  • Desloge
  • Dexter
  • Dixon
  • Doniphan
  • Douglas County
  • Duenweg
  • Dunklin County
  • Duquesne
  • East Independence
  • East Prairie
  • Edina
  • El Dorado Springs
  • Eldon
  • Ellisville
  • Elsberry
  • Elvins
  • Eminence
  • Esther
  • Eureka
  • Excelsior Springs
  • Fair Grove
  • Farmington
  • Fayette
  • Fenton
  • Ferguson
  • Festus
  • Flat River
  • Florissant
  • Forsyth
  • Fort Leonard Wood
  • Four Seasons
  • Franklin County
  • Fredericktown
  • Frontenac
  • Fulton
  • Gainesville
  • Galena
  • Gallatin
  • Garden City
  • Gasconade County
  • Gentry County
  • Gerald
  • Gideon
  • Gladstone
  • Glasgow
  • Glasgow Village
  • Glendale
  • Goodman
  • Gower
  • Grain Valley
  • Granby
  • Grandview
  • Grant City
  • Gray Summit
  • Green Park
  • Greene County
  • Greenfield
  • Greenville
  • Greenwood
  • Grundy County
  • Hallsville
  • Hamilton
  • Hanley Hills
  • Hannibal
  • Harrison County
  • Harrisonville
  • Hartville
  • Hayti
  • Hazelwood
  • Henry County
  • Herculaneum
  • Hermann
  • Hermitage
  • Hickory County
  • Higginsville
  • High Ridge
  • Hillsboro
  • Hillsdale
  • Holden
  • Hollister
  • Holt County
  • Holts Summit
  • Houston
  • Howard County
  • Howell County
  • Humansville
  • Huntsville
  • Imperial
  • Independence
  • Iron County
  • Ironton
  • Jackson
  • Jackson County
  • Jasper County
  • Jefferson City
  • Jefferson County
  • Jennings
  • Johnson County
  • Joplin
  • Kahoka
  • Kansas City
  • Kearney
  • Kennett
  • Keytesville
  • Kimberling City
  • King City
  • Kingston
  • Kirksville
  • Kirkwood
  • Kissee Mills
  • Knob Noster
  • Knox County
  • La Monte
  • La Plata
  • LaBarque Creek
  • Laclede County
  • Ladue
  • Lafayette County
  • Lake Lotawana
  • Lake Ozark
  • Lake Saint Louis
  • Lake Winnebago
  • Lakeshire
  • Lamar
  • Lancaster
  • Lathrop
  • Lawrence County
  • Lawson
  • Leadwood
  • Lebanon
  • Lee's Summit
  • Lemay
  • Lewis County
  • Lexington
  • Liberty
  • Licking
  • Lilbourn
  • Lincoln
  • Lincoln County
  • Linn
  • Linn County
  • Linneus
  • Livingston County
  • Lone Jack
  • Louisiana
  • Macon
  • Macon County
  • Madison County
  • Malden
  • Manchester
  • Mansfield
  • Maplewood
  • Marble Hill
  • Marceline
  • Maries County
  • Marion County
  • Marionville
  • Marlborough
  • Marshall
  • Marshfield
  • Marthasville
  • Maryland Heights
  • Maryville
  • Maysville
  • McDonald County
  • Mehlville
  • Memphis
  • Mercer County
  • Merriam Woods
  • Mexico
  • Milan
  • Miller County
  • Mississippi County
  • Moberly
  • Moline Acres
  • Monett
  • Moniteau County
  • Monroe City
  • Monroe County
  • Montgomery City
  • Montgomery County
  • Monticello
  • Morgan County
  • Moscow Mills
  • Mound City
  • Mount Vernon
  • Mountain Grove
  • Mountain View
  • Murphy
  • Neosho
  • Nevada
  • New Franklin
  • New Haven
  • New London
  • New Madrid
  • New Madrid County
  • Newton County
  • Nixa
  • Nodaway County
  • Noel
  • Normandy
  • North Kansas City
  • Northwoods
  • O'Fallon
  • Oak Grove
  • Oakland
  • Oakville
  • Odessa
  • Old Jamestown
  • Olivette
  • Oran
  • Oregon
  • Oregon County
  • Oronogo
  • Osage Beach
  • Osage County
  • Osceola
  • Overland
  • Owensville
  • Ozark
  • Ozark County
  • Pacific
  • Pagedale
  • Palmyra
  • Paris
  • Park Hills
  • Parkville
  • Peculiar
  • Pemiscot County
  • Perry County
  • Perryville
  • Pettis County
  • Pevely
  • Phelps County
  • Piedmont
  • Pierce City
  • Pike County
  • Pine Lawn
  • Pineville
  • Platte City
  • Platte County
  • Plattsburg
  • Pleasant Hill
  • Pleasant Valley
  • Polk County
  • Poplar Bluff
  • Portageville
  • Potosi
  • Princeton
  • Pulaski County
  • Purdy
  • Putnam County
  • Ralls County
  • Randolph County
  • Ray County
  • Raymore
  • Raytown
  • Republic
  • Reynolds County
  • Rich Hill
  • Richland
  • Richmond
  • Richmond Heights
  • Ripley County
  • Riverside
  • Riverview
  • Rock Hill
  • Rock Port
  • Rogersville
  • Rolla
  • Saint Ann
  • Saint Charles
  • Saint Charles County
  • Saint Clair
  • Saint Clair County
  • Saint Francois County
  • Saint George
  • Saint James
  • Saint John
  • Saint Johns
  • Saint Joseph
  • Saint Louis County
  • Saint Martins
  • Saint Paul
  • Saint Peters
  • Saint Robert
  • Sainte Genevieve
  • Sainte Genevieve County
  • Salem
  • Saline County
  • Salisbury
  • Sappington
  • Sarcoxie
  • Savannah
  • Schuyler County
  • Scotland County
  • Scott City
  • Scott County
  • Sedalia
  • Senath
  • Seneca
  • Seymour
  • Shannon County
  • Shelbina
  • Shelby County
  • Shelbyville
  • Shell Knob
  • Shrewsbury
  • Sikeston
  • Slater
  • Smithville
  • Spanish Lake
  • Sparta
  • Springfield
  • St. Louis
  • Stanberry
  • Steele
  • Steelville
  • Stockton
  • Stoddard County
  • Stone County
  • Stover
  • Strafford
  • Sugar Creek
  • Sullivan
  • Sullivan County
  • Sunset Hills
  • Sweet Springs
  • Taney County
  • Taos
  • Tarkio
  • Terre du Lac
  • Terre Haute
  • Texas County
  • Thayer
  • Tipton
  • Town and Country
  • Trenton
  • Troy
  • Tuscumbia
  • Union
  • Unionville
  • University City
  • Valley Park
  • Van Buren
  • Vandalia
  • Velda Village
  • Velda Village Hills
  • Vernon County
  • Versailles
  • Vienna
  • Villa Ridge
  • Vinita Park
  • Wardsville
  • Warren County
  • Warrensburg
  • Warrenton
  • Warsaw
  • Warson Woods
  • Washington
  • Washington County
  • Wayne County
  • Waynesville
  • Weatherby Lake
  • Webb City
  • Webster County
  • Webster Groves
  • Weldon Spring
  • Wellston
  • Wellsville
  • Wentzville
  • West Plains
  • Weston
  • Whiteman Air Force Base
  • Wildwood
  • Willard
  • Willow Springs
  • Winchester
  • Windsor
  • Winfield
  • Winona
  • Woodson Terrace
  • Worth County
  • Wright City
  • Wright County

Commercial Loan FAQs in Missouri

Multifamily interest rates in Missouri 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 Missouri 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 Missouri 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 Missouri, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

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

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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.

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