Commercial Loan Direct (CLD) provides commercial real estate loans in New Hampshire. Current commercial loan rates in New Hampshire range from 5.14% to 12.9% depending on the loan program.
New Hampshire 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 New Hampshire?
New Hampshire 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 New Hampshire
We are proud to be serving the state of New Hampshire. Here are our commercial loan statistics for this state.
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New Hampshire Multifamily Commercial Lending Landscape
New Hampshire’s multifamily market is characterized by limited housing supply, strong demand, and steady economic drivers tied to healthcare, education, manufacturing, and proximity to the Boston metro area. Because inventory is constrained in many markets, well-located and stabilized properties often attract strong lender interest, though smaller towns may see more conservative underwriting.
Primary Financing Options in New Hampshire
- Agency loans (Fannie Mae / Freddie Mac): Common for stabilized multifamily properties (5+ units) with consistent occupancy and cash flow, particularly in larger population centers and commuter markets.
- Local and regional banks / credit unions: A major source of financing for small-to-mid sized properties, often offering relationship-based lending with recourse and shorter terms.
- Bridge loans: Used for value-add projects, lease-up situations, or repositioning efforts before transitioning to long-term permanent financing.
- CMBS and debt funds: Available for larger assets or transactions requiring higher leverage or flexible structures, though less common outside primary markets.
- Construction loans: Typically bank-led and conservative, requiring experienced sponsorship, strong feasibility, and meaningful borrower equity.
Key Underwriting Considerations in New Hampshire
Lenders in New Hampshire focus on occupancy stability, market liquidity, and realistic income assumptions. Due to limited transaction volume in some areas, appraisals and loan proceeds may be influenced by the availability of comparable sales.
- Submarket strength: Areas near major employment centers or within commuting distance of Massachusetts often receive more favorable terms.
- Occupancy and rent history: Strong historical performance and low vacancy rates help support higher leverage and better pricing.
- Comparable sales: Limited multifamily transactions in smaller towns can constrain appraised values and loan proceeds.
- Property condition and capital needs: Deferred maintenance or renovation plans may require repair escrows or short-term bridge financing.
- Local economic drivers: Healthcare systems, universities, government employment, and regional manufacturing help support demand.
Common New Hampshire Deal Profiles
- Stabilized workforce housing: Often financed with agency or bank permanent loans when operations are consistent and well documented.
- Value-add acquisitions: Frequently use bridge or short-term financing to complete renovations and improve occupancy before refinancing.
- Small-balance properties (5–50 units): Commonly financed through local lenders with recourse and conservative leverage.
- New development: Construction financing requires strong sponsorship, conservative lease-up assumptions, and clear evidence of market demand due to high construction costs and zoning constraints.
Documentation and Loan Requirements
Lenders expect a complete and well-organized loan package that clearly demonstrates both property performance and borrower financial strength.
- Operating history: Current rent roll, trailing 12-month (T-12) financials, and explanations for any income or occupancy changes.
- Sponsor profile: Net worth, liquidity, real estate experience, and a detailed management plan.
- Third-party reports: Appraisal, Phase I environmental, and property condition assessments depending on the lender and loan type.
- Renovation scope (if applicable): Detailed capex budget, contractor estimates, and a realistic timeline for completion and stabilization.
Challenges and Opportunities
New Hampshire’s constrained housing supply and steady demand create long-term stability, but lenders may remain cautious in smaller or less liquid markets. Borrowers with strong financials and conservative projections typically achieve the most favorable loan terms.
- Challenges: limited comparable sales in smaller markets, high construction costs, and conservative underwriting on aggressive rent growth assumptions.
- Opportunities: strong occupancy trends, value-add repositioning of older housing stock, and targeting commuter markets with spillover demand from the Boston area.
How to Strengthen a New Hampshire Multifamily Loan Request
- Match the financing to the business plan: Stabilized properties fit permanent loans, while transitional assets typically require bridge financing.
- Use conservative projections: Support rent and vacancy assumptions with local market data and comparable properties.
- Highlight demand drivers: Employment centers, commuter access, healthcare, education, and limited housing supply.
- Demonstrate liquidity and reserves: Strong borrower financial capacity helps mitigate lender concerns in smaller or less liquid markets.
Lending Cities
Commercial loan direct provides services in the following New Hampshire 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.
- Alexandria
- Alstead
- Andover
- Antrim
- Ashland
- Atkinson
- Auburn
- Barnstead
- Barrington
- Bedford
- Belknap County
- Belmont
- Berlin
- Boscawen
- Bow Bog
- Brentwood
- Bridgewater
- Bristol
- Brookline
- Candia
- Canterbury
- Carroll County
- Center Harbor
- Charlestown
- Cheshire County
- Chester
- Chesterfield
- Chichester
- Claremont
- Colebrook
- Concord
- Contoocook
- Conway
- Coos County
- Danbury
- Danville
- Deerfield
- Deering
- Derry
- Derry Village
- Dover
- Dublin
- Durham
- East Concord
- East Kingston
- East Merrimack
- Effingham
- Enfield
- Epping
- Epsom
- Exeter
- Farmington
- Fitzwilliam
- Francestown
- Franklin
- Freedom
- Fremont
- Gilford
- Gilmanton
- Goffstown
- Gorham
- Grafton
- Grafton County
- Grantham
- Greenfield
- Greenland
- Greenville
- Groveton
- Hampstead
- Hampton
- Hampton Beach
- Hampton Falls
- Hanover
- Harrisville
- Haverhill
- Henniker
- Hill
- Hillsborough
- Hillsborough County
- Hinsdale
- Holderness
- Hollis
- Hooksett
- Hopkinton
- Hudson
- Jaffrey
- Jefferson
- Keene
- Kensington
- Kingston
- Laconia
- Lancaster
- Lebanon
- Lee
- Lempster
- Litchfield
- Littleton
- Londonderry
- Lyme
- Lyndeborough
- Madbury
- Madison
- Manchester
- Marlborough
- Mason
- Meredith
- Merrimack
- Merrimack County
- Milan
- Milford
- Mont Vernon
- Moultonborough
- Nashua
- New Boston
- New Castle
- New Durham
- New Ipswich
- New London
- Newbury
- Newmarket
- Newport
- Newton
- North Conway
- North Hampton
- Northfield
- Northumberland
- Northwood
- Nottingham
- Orford
- Ossipee
- Pelham
- Pembroke
- Peterborough
- Pinardville
- Pittsfield
- Plaistow
- Plymouth
- Portsmouth
- Raymond
- Richmond
- Rindge
- Rochester
- Rockingham County
- Rollinsford
- Rumney
- Rye
- Salem
- Salisbury
- Sanbornton
- Sanbornville
- Sandown
- Sandwich
- Seabrook
- Somersworth
- South Hooksett
- Springfield
- Strafford
- Strafford County
- Stratford
- Stratham Station
- Sullivan County
- Sunapee
- Suncook
- Sutton
- Swanzey
- Tamworth
- Temple
- Thornton
- Tilton
- Tilton-Northfield
- Troy
- Tuftonboro
- Unity
- Wakefield
- Weare
- Webster
- West Swanzey
- Westmoreland
- Whitefield
- Wilmot
- Wilton
- Winchester
- Windham
- Wolfeboro
- Woodstock
- Woodsville