Commercial Loan Direct (CLD) provides commercial real estate loans in Oregon. Current commercial loan rates in Oregon range from 5.09% to 12.85% depending on the loan program.
Oregon Apartment Loan Rates
| Loan Types | Rates | LTV | Loan Amount |
|---|---|---|---|
| Fannie Mae | 5.56% - 6.36% | 80% | $700,000+ |
| Freddie Mac | 5.86% - 9.33% | 80% | $1,000,000+ |
| FHA | 4.97% - 6.32% | 83.3% | $5,000,000+ |
| Conduit / CMBS | 5.73% - 7.66% | 75% | $2,000,000+ |
| Insurance | 5.23% - 8.5% | 75% | $5,000,000+ |
| USDA | 6.1% - 8.85% | 85% | $1,000,000+ |
| Bridge | 5.85% - 12.85% | 80% | $1,500,000+ |
| Construction | 5.6% - 8.85% | 83.3% | $1,000,000+ |
| Conventional | 5.09% - 8.85% | 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 Oregon?
Oregon Interest Rates starting at 5.09%. 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 Oregon
We are proud to be serving the state of Oregon. Here are our commercial loan statistics for this state.
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Multifamily Commercial Loans in Oregon (Summary)
Multifamily financing in Oregon applies to residential properties with five or more units and is primarily underwritten based on the property’s net operating income (NOI) and overall financial performance. Lenders evaluate debt service coverage ratio (DSCR), occupancy levels, rent trends, borrower experience, and the strength of the local submarket.
Common Multifamily Loan Options
- Agency loans (Fannie Mae and Freddie Mac): Ideal for stabilized properties with strong occupancy and consistent operating history. These loans often provide longer terms, competitive rates, and higher leverage for qualified assets.
- Bank and credit union financing: Regional and local lenders are active throughout Oregon and may offer flexible structures, especially for smaller properties or experienced investors.
- Bridge loans: Short-term financing used for value-add projects, lease-up situations, or repositioning strategies, with the intention of refinancing into permanent debt once stabilized.
- CMBS or debt fund financing: Often used for larger or more complex transactions, offering flexible underwriting but sometimes with stricter prepayment terms.
- Construction and rehabilitation loans: Used for ground-up development or major renovations, typically requiring strong borrower experience, liquidity, and a clear exit plan.
Key Underwriting Factors
- Income stability and DSCR: Lenders require reliable cash flow with conservative underwriting assumptions.
- Occupancy and rent performance: Historical occupancy, collections, and market-supported rent levels are critical.
- Borrower strength: Net worth, liquidity, and multifamily experience influence loan terms and approval.
- Property condition: Deferred maintenance or capital improvement needs may affect loan proceeds or require reserves.
- Submarket dynamics: Population growth, employment drivers, housing supply, and rent control considerations in certain jurisdictions.
Typical Uses for Multifamily Financing
- Acquisition: Purchase stabilized or transitional apartment properties.
- Refinance: Replace existing financing, reduce debt costs, or access equity through cash-out.
- Value-add strategies: Fund renovations, operational improvements, or repositioning.
- New development: Finance construction with a plan to transition into permanent financing after lease-up.
Market-Specific Considerations in Oregon
Oregon’s multifamily market is driven by demand in major population centers such as Portland, Eugene, and Salem, where housing supply constraints and population growth support long-term rental demand. However, lenders closely evaluate local regulations, including rent control policies and tenant protection laws in certain areas, as well as construction costs, insurance trends, and the pipeline of new supply. Conservative underwriting and realistic rent projections are especially important.
How to Improve Approval and Terms
- Prepare complete financials: Current rent roll, trailing 12-month income and expenses, and a capital improvement plan if applicable.
- Support projections with data: Use market comps for rent increases and occupancy assumptions.
- Maintain adequate liquidity: Lenders prefer borrowers with post-closing reserves and operating capital.
- Match the loan to the strategy: Bridge financing for transitional assets, long-term agency or bank loans for stabilized properties.
Lending Cities
Commercial loan direct provides services in the following Oregon 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.
- Albany
- Aloha
- Altamont
- Amity
- Ashland
- Astoria
- Athena
- Aumsville
- Baker City
- Baker County
- Bandon
- Banks
- Barview
- Bay City
- Beavercreek
- Beaverton
- Bend
- Benton County
- Bethany
- Boardman
- Brookings
- Brownsville
- Bunker Hill
- Burns
- Canby
- Cannon Beach
- Canyon City
- Canyonville
- Carlton
- Cascade Locks
- Cave Junction
- Cedar Hills
- Cedar Mill
- Central Point
- Chenoweth
- Clackamas
- Clackamas County
- Clatskanie
- Clatsop County
- Coburg
- Columbia City
- Columbia County
- Condon
- Coos Bay
- Coos County
- Coquille
- Cornelius
- Corvallis
- Cottage Grove
- Creswell
- Crook County
- Culp Creek
- Culver
- Curry County
- Dallas
- Damascus
- Dayton
- Depoe Bay
- Deschutes County
- Deschutes River Woods
- Donald
- Douglas County
- Drain
- Dundee
- Dunes City
- Durham
- Eagle Point
- Elgin
- Enterprise
- Estacada
- Eugene
- Fairview
- Florence
- Forest Grove
- Fossil
- Four Corners
- Fruitdale
- Garden Home-Whitford
- Gearhart
- Gervais
- Gilliam County
- Gladstone
- Glide
- Gold Beach
- Gold Hill
- Grand Ronde
- Grant County
- Grants Pass
- Green
- Gresham
- Happy Valley
- Harbor
- Harney County
- Harrisburg
- Hayesville
- Heppner
- Hermiston
- Hillsboro
- Hines
- Hood River
- Hood River County
- Hubbard
- Independence
- Irrigon
- Island City
- Jackson County
- Jacksonville
- Jefferson
- Jefferson County
- Jennings Lodge
- John Day
- Joseph
- Josephine County
- Junction City
- Keizer
- Kenton
- King City
- Klamath County
- Klamath Falls
- La Grande
- La Pine
- Lafayette
- Lake County
- Lake Oswego
- Lakeside
- Lakeview
- Lane County
- Lebanon
- Lents
- Lincoln Beach
- Lincoln City
- Lincoln County
- Linn County
- Lowell
- Lyons
- Madras
- Malheur County
- Marion County
- McMinnville
- Medford
- Merlin
- Metzger
- Mill City
- Millersburg
- Milton-Freewater
- Milwaukie
- Mission
- Molalla
- Monmouth
- Moro
- Morrow County
- Mount Angel
- Mount Hood Village
- Mulino
- Multnomah County
- Myrtle Creek
- Myrtle Point
- New Hope
- Newberg
- Newport
- North Bend
- North Plains
- North Portland
- Nyssa
- Oak Grove
- Oak Hills
- Oakridge
- Oatfield
- Odell
- Ontario
- Oregon City
- Pacific City
- Pendleton
- Philomath
- Phoenix
- Pilot Rock
- Polk County
- Port Orford
- Portland
- Prineville
- Rainier
- Raleigh Hills
- Redmond
- Redwood
- Reedsport
- Riddle
- Rockaway Beach
- Rockcreek
- Rogue River
- Rose Lodge
- Roseburg
- Roseburg North
- Saint Helens
- Salem
- Sandy
- Scappoose
- Seaside
- Shady Cove
- Sheridan
- Sherman County
- Sherwood
- Siletz
- Silverton
- Sisters
- South Lebanon
- Springfield
- Stafford
- Stanfield
- Stayton
- Sublimity
- Sunriver
- Sutherlin
- Sweet Home
- Talent
- Tangent
- Terrebonne
- The Dalles
- Three Rivers
- Tigard
- Tillamook
- Tillamook County
- Toledo
- Tri-City
- Troutdale
- Tualatin
- Turner
- Umatilla
- Umatilla County
- Union
- Union County
- Vale
- Veneta
- Vernonia
- Waldport
- Wallowa County
- Warm Springs
- Warren
- Warrenton
- Wasco County
- Washington County
- West Haven
- West Haven-Sylvan
- West Linn
- West Slope
- Wheeler County
- White City
- Willamina
- Williams
- Wilsonville
- Winston
- Wood Village
- Woodburn
- Yamhill
- Yamhill County
- Yoncalla
