Commercial Loan Direct (CLD) provides commercial real estate loans in Oklahoma. Current commercial loan rates in Oklahoma range from 5.14% to 12.9% depending on the loan program.
Oklahoma 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 Oklahoma?
Oklahoma 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.
Get a QuoteAdditional Multifamily Types
Additional Multifamily Mortgages
- Affordable Housing Financing
- Student Housing Financing
- Military Housing
- Manufactured Housing Financing
- Seniors Housing Financing
- Cooperative Housing
Locations Served in Oklahoma
We are proud to be serving the state of Oklahoma. Here are our commercial loan statistics for this state.
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Multifamily Commercial Loans in Oklahoma (Summary)
Multifamily lending in Oklahoma generally covers properties with 5+ residential units, ranging from smaller local apartment buildings to larger institutional-grade complexes. Financing is usually structured around the property’s cash flow and the borrower’s experience, with lenders focusing on net operating income (NOI), debt service coverage ratio (DSCR), occupancy history, and the quality of the market and asset.
Common Multifamily Loan Types
- Agency loans (Fannie Mae / Freddie Mac): Often used for stabilized properties with strong occupancy and predictable income. These programs are popular for longer terms and potentially more favorable pricing for qualified assets.
- Bank / credit union loans: Frequently competitive for borrowers with strong liquidity and local relationships. Terms and amortization can vary, and underwriting may be more conservative on smaller or rural deals.
- Bridge loans: Shorter-term financing designed for acquisitions, value-add renovations, lease-up situations, or repositioning. Typically transitions to permanent financing once stabilized.
- CMBS / debt funds: Can be an option for larger loans or more complex scenarios, sometimes offering flexibility on structure—often with tighter prepayment terms or more formal servicing requirements.
- Construction and rehab financing: Used for new development or major improvements, commonly requiring experience, strong guarantees, and a clear takeout plan (e.g., refinance into agency or bank debt).
Key Underwriting Factors Lenders Focus On
- DSCR and cash flow strength: Lenders want dependable income supporting the payment, not just projections.
- Occupancy and rent trends: Stable collections and believable rent comps matter; heavy “pro forma” assumptions get scrutinized.
- Borrower strength: Net worth, liquidity, and track record—especially for value-add or construction.
- Property condition: Deferred maintenance, capex needs, and inspection findings can impact proceeds and terms.
- Market dynamics: Submarket demand drivers, supply pipeline, employer concentration, and population/rent growth trends.
Typical Uses for Multifamily Financing
- Purchase: Acquire an apartment property using stabilized or bridge financing depending on condition/occupancy.
- Refinance: Replace existing debt, pull out equity (cash-out), or improve terms after stabilization.
- Renovation / value-add: Fund unit upgrades, amenity improvements, and operational turnaround plans.
- Construction: Build new multifamily with a construction loan and refinance into long-term debt after lease-up.
Practical Notes for Oklahoma Deals
In Oklahoma, lenders often weigh submarket stability heavily—especially where local economies are tied to a small number of industries or employers. Borrowers can strengthen approvals by presenting a clear story around tenant demand, realistic rent growth, and a conservative budget for repairs and reserves. For value-add properties, a lender will typically expect a credible timeline to reach stabilization and a defined exit strategy.
How to Improve Terms and Approval Odds
- Bring strong documentation: Current rent roll, trailing 12-month financials, and a clear capex plan.
- Keep projections realistic: Support rent bumps with comps and prove vacancy/expense assumptions.
- Show liquidity: Lenders like to see post-close reserves and the ability to handle surprises.
- Match the loan to the business plan: Bridge for turnaround, permanent/agency for stabilized hold.
Lending Cities
Commercial loan direct provides services in the following Oklahoma 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.
- Ada
- Adair County
- Afton
- Alfalfa County
- Altus
- Alva
- Anadarko
- Antlers
- Apache
- Arapaho
- Ardmore
- Arkoma
- Arnett
- Atoka
- Atoka County
- Barnsdall
- Bartlesville
- Beaver
- Beaver County
- Beckham County
- Beggs
- Bethany
- Bethel Acres
- Bixby
- Blackwell
- Blaine County
- Blanchard
- Boise City
- Boley
- Bray
- Bristow
- Broken Arrow
- Broken Bow
- Bryan County
- Buffalo
- Burns Flat
- Bushyhead
- Byng
- Cache
- Caddo
- Caddo County
- Calera
- Canadian County
- Carnegie
- Carter County
- Catoosa
- Central High
- Chandler
- Checotah
- Chelsea
- Cherokee
- Cherokee County
- Cheyenne
- Chickasha
- Choctaw
- Choctaw County
- Chouteau
- Cimarron County
- Claremore
- Cleora
- Cleveland
- Cleveland County
- Clinton
- Coal County
- Coalgate
- Colbert
- Collinsville
- Comanche
- Comanche County
- Commerce
- Copeland
- Cordell
- Cotton County
- Coweta
- Craig County
- Creek County
- Crescent
- Cushing
- Custer County
- Cyril
- Davis
- Del City
- Delaware County
- Dewey
- Dewey County
- Dickson
- Drumright
- Duncan
- Durant
- Edmond
- El Reno
- Elgin
- Elk City
- Ellis County
- Enid
- Erick
- Eufaula
- Fairfax
- Fairland
- Fairview
- Fletcher
- Forest Park
- Fort Gibson
- Frederick
- Garfield County
- Garvin County
- Geary
- Geronimo
- Glenpool
- Goldsby
- Goodwell
- Grady County
- Granite
- Grant County
- Greer County
- Grove
- Guthrie
- Guymon
- Hall Park
- Harmon County
- Harper County
- Harrah
- Hartshorne
- Haskell
- Haskell County
- Healdton
- Heavener
- Helena
- Hennessey
- Henryetta
- Hinton
- Hobart
- Holdenville
- Hollis
- Hominy
- Hooker
- Hughes County
- Hugo
- Idabel
- Inola
- Jackson County
- Jay
- Jefferson County
- Jenks
- Johnston County
- Jones
- Justice
- Kay County
- Kellyville
- Kenwood
- Kiefer
- Kingfisher
- Kingfisher County
- Kingston
- Kiowa County
- Konawa
- Krebs
- Langston
- Latimer County
- Laverne
- Lawton
- Le Flore County
- Lexington
- Lincoln County
- Lindsay
- Locust Grove
- Logan County
- Lone Grove
- Longtown
- Love County
- Luther
- Madill
- Major County
- Mangum
- Mannford
- Marietta
- Marlow
- Marshall County
- Maud
- Mayes County
- Maysville
- McAlester
- McClain County
- McCord
- McCurtain County
- McIntosh County
- McLoud
- Medford
- Meeker
- Meridian
- Miami
- Midwest City
- Minco
- Moore
- Mooreland
- Morris
- Mounds
- Muldrow
- Murray County
- Muskogee
- Muskogee County
- Mustang
- Newcastle
- Newkirk
- Nichols Hills
- Nicoma Park
- Ninnekah
- Noble
- Noble County
- Norman
- Nowata
- Nowata County
- Oakhurst
- Oakland
- Oilton
- Okarche
- Okeene
- Okemah
- Okfuskee County
- Oklahoma City
- Oklahoma County
- Okmulgee
- Okmulgee County
- Oologah
- Osage County
- Ottawa County
- Owasso
- Panama
- Park Hill
- Pauls Valley
- Pawhuska
- Pawnee
- Pawnee County
- Payne County
- Perkins
- Perry
- Piedmont
- Pink
- Pittsburg County
- Pocola
- Ponca City
- Pontotoc County
- Poteau
- Pottawatomie County
- Prague
- Pryor
- Pryor Creek
- Purcell
- Pushmataha County
- Quinton
- Ringling
- Roger Mills County
- Rogers County
- Roland
- Rush Springs
- Salina
- Sallisaw
- Sand Springs
- Sapulpa
- Sayre
- Seminole
- Seminole County
- Sequoyah County
- Shattuck
- Shawnee
- Skiatook
- Slaughterville
- Snyder
- Spencer
- Sperry
- Spiro
- Stephens County
- Stigler
- Stillwater
- Stilwell
- Stratford
- Stroud
- Sulphur
- Tahlequah
- Talihina
- Taloga
- Tecumseh
- Texanna
- Texas County
- The Village
- Thomas
- Tillman County
- Tishomingo
- Tonkawa
- Tulsa
- Tulsa County
- Turley
- Tuttle
- Union City
- Verdigris
- Vian
- Vinita
- Wagoner
- Wagoner County
- Walters
- Warner
- Warr Acres
- Washington County
- Washita County
- Watonga
- Waukomis
- Waurika
- Weatherford
- Westville
- Wetumka
- Wewoka
- Wilburton
- Wilson
- Wister
- Woods County
- Woodward
- Woodward County
- Wynnewood
- Yale
- Yukon