Multifamily & Apartment Financing in South Carolina

Commercial Loan Direct (CLD) provides apartment loans in South Carolina. Current apartment loan rates in South Carolina range from 4.83% to 12.85%, depending on the loan program.

South Carolina 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 4.74% - 6.09% 83.3% $5,000,000+
Conduit / CMBS 5.71% - 7.64% 75% $2,000,000+
Insurance 5.21% - 8.49% 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 4.83% - 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 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 South Carolina

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

South Carolina Cities and Towns Served

78

Multifamily Commercial Loans in South Carolina (Summary)

Multifamily financing in South Carolina is available for 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): Best suited for stabilized properties with strong occupancy and consistent operating history. These loans typically offer long terms, competitive rates, and higher leverage for qualified borrowers.
  • Bank and credit union financing: Local and regional lenders are active across South Carolina and often provide flexible structures, especially for smaller properties or experienced investors.
  • Bridge loans: Short-term financing designed for value-add projects, lease-up situations, or property repositioning, with the intent to refinance into permanent debt after stabilization.
  • CMBS or debt fund financing: Often used for larger or more complex transactions, offering flexible underwriting but sometimes including stricter prepayment requirements.
  • Construction and rehabilitation loans: Used for new development or major renovations, typically requiring borrower experience, strong financials, and a defined exit strategy.

Key Underwriting Factors

  • Cash flow and DSCR: Stable income sufficient to cover debt obligations is critical.
  • Occupancy and rent performance: Historical occupancy, collections, and market-supported rent levels are closely reviewed.
  • Borrower strength: Net worth, liquidity, and multifamily ownership or management experience impact loan terms.
  • Property condition: Deferred maintenance or capital improvement needs may reduce proceeds or require reserves.
  • Market fundamentals: Population growth, employment trends, new supply, and local economic drivers.

Typical Uses for Multifamily Financing

  • Acquisition: Purchase stabilized or transitional apartment properties.
  • Refinance: Replace existing financing, lower borrowing costs, or access equity through cash-out.
  • Value-add strategies: Fund renovations, operational improvements, or repositioning.
  • Ground-up development: Finance new construction with a plan to refinance after lease-up and stabilization.

Market-Specific Considerations in South Carolina

South Carolina’s multifamily market benefits from strong population growth and in-migration, particularly in areas such as Charleston, Greenville, Columbia, and Myrtle Beach. Lenders closely evaluate submarket demand, job growth, and the pipeline of new construction. While growth supports long-term rental demand, conservative underwriting and realistic rent projections remain important, especially in rapidly expanding markets where new supply could impact occupancy.

How to Improve Loan Approval and Terms

  • Provide complete financial documentation: Current rent roll, trailing 12-month income and expenses, and a capital improvement plan if applicable.
  • Support projections with market data: Use local rent and occupancy comparables.
  • Maintain adequate liquidity: Lenders prefer borrowers with post-closing reserves and operating capital.
  • Match financing to the strategy: Bridge loans for transitional properties, long-term agency or bank debt for stabilized assets.

Lending Cities

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

  • Abbeville
  • Abbeville County
  • Aiken
  • Aiken County
  • Allendale
  • Allendale County
  • Anderson
  • Anderson County
  • Andrews
  • Arcadia
  • Arial
  • Awendaw
  • Bamberg
  • Bamberg County
  • Barnwell
  • Barnwell County
  • Batesburg
  • Batesburg-Leesville
  • Beaufort
  • Beaufort County
  • Belton
  • Belvedere
  • Bennettsville
  • Berea
  • Berkeley County
  • Bishopville
  • Blacksburg
  • Blackville
  • Bluffton
  • Blythewood
  • Boiling Springs
  • Bonneau Beach
  • Brookdale
  • Buffalo
  • Burnettown
  • Burton
  • Calhoun County
  • Calhoun Falls
  • Camden
  • Cane Savannah
  • Catawba
  • Cayce
  • Centerville
  • Central
  • Chapin
  • Charleston
  • Charleston County
  • Cheraw
  • Cherokee County
  • Cherryvale
  • Chester
  • Chester County
  • Chesterfield
  • Chesterfield County
  • City View
  • Clarendon County
  • Clearwater
  • Clemson
  • Clinton
  • Clover
  • Colleton County
  • Columbia
  • Conway
  • Cowpens
  • Dalzell
  • Darlington
  • Darlington County
  • Denmark
  • Dentsville
  • Dillon
  • Dillon County
  • Dorchester County
  • Due West
  • Duncan
  • Dunean
  • Easley
  • East Gaffney
  • East Sumter
  • Edgefield
  • Edgefield County
  • Edisto
  • Elgin
  • Estill
  • Eureka Mill
  • Fairfax
  • Fairfield County
  • Fairforest
  • Five Forks
  • Florence
  • Florence County
  • Folly Beach
  • Forest Acres
  • Forestbrook
  • Fort Mill
  • Fountain Inn
  • Gadsden
  • Gaffney
  • Gantt
  • Garden City
  • Gaston
  • Georgetown
  • Georgetown County
  • Gloverville
  • Golden Grove
  • Goose Creek
  • Graniteville
  • Great Falls
  • Greenville
  • Greenville County
  • Greenwood
  • Greenwood County
  • Greer
  • Hampton
  • Hampton County
  • Hanahan
  • Hardeeville
  • Hartsville
  • Hilton Head
  • Hilton Head Island
  • Holly Hill
  • Hollywood
  • Homeland Park
  • Honea Path
  • Hopkins
  • Horry County
  • India Hook
  • Inman
  • Inman Mills
  • Irmo
  • Irwin
  • Isle of Palms
  • Iva
  • Jackson
  • James Island
  • Jasper County
  • Joanna
  • Johnsonville
  • Johnston
  • Judson
  • Kershaw
  • Kershaw County
  • Kiawah Island
  • Kingstree
  • Ladson
  • Lake City
  • Lake Murray of Richland
  • Lake Secession
  • Lake Wylie
  • Lakewood
  • Lancaster
  • Lancaster County
  • Lancaster Mill
  • Landrum
  • Langley
  • Latta
  • Laurel Bay
  • Laurens
  • Laurens County
  • Lee County
  • Leesville
  • Lesslie
  • Lexington
  • Lexington County
  • Liberty
  • Lincolnville
  • Little River
  • Loris
  • Lugoff
  • Lyman
  • Manning
  • Marion
  • Marion County
  • Marlboro County
  • Mauldin
  • Mayo
  • McColl
  • McCormick
  • McCormick County
  • Meggett
  • Monarch Mill
  • Moncks Corner
  • Mount Pleasant
  • Mullins
  • Murphys Estates
  • Murrells Inlet
  • Myrtle Beach
  • New Ellenton
  • Newberry
  • Newberry County
  • Newport
  • Ninety Six
  • North Augusta
  • North Charleston
  • North Hartsville
  • North Myrtle Beach
  • Northlake
  • Oak Grove
  • Oakland
  • Oconee County
  • Orangeburg
  • Orangeburg County
  • Pacolet
  • Pageland
  • Pamplico
  • Parker
  • Pendleton
  • Pickens
  • Pickens County
  • Piedmont
  • Pineridge
  • Port Royal
  • Powdersville
  • Privateer
  • Prosperity
  • Ravenel
  • Red Bank
  • Red Hill
  • Richland County
  • Ridgeland
  • Ridgeville
  • Rock Hill
  • Roebuck
  • Saint Andrews
  • Saint George
  • Saint Matthews
  • Saint Stephen
  • Saluda
  • Saluda County
  • Sangaree
  • Sans Souci
  • Saxon
  • Seabrook Island
  • Seneca
  • Seven Oaks
  • Shell Point
  • Simpsonville
  • Slater-Marietta
  • Socastee
  • South Congaree
  • South Sumter
  • Southern Shops
  • Spartanburg
  • Spartanburg County
  • Springdale
  • Stateburg
  • Sullivans Island
  • Summerville
  • Sumter
  • Sumter County
  • Surfside Beach
  • Taylors
  • Tega Cay
  • Tigerville
  • Timmonsville
  • Travelers Rest
  • Union
  • Union County
  • Utica
  • Valley Falls
  • Varnville
  • Wade Hampton
  • Walhalla
  • Walterboro
  • Ware Shoals
  • Warrenville
  • Watts Mills
  • Wedgefield
  • Wedgewood
  • Welcome
  • Wellford
  • West Columbia
  • Westminster
  • Whitmire
  • Wilkinson Heights
  • Williamsburg County
  • Williamston
  • Williston
  • Winnsboro
  • Winnsboro Mills
  • Woodfield
  • Woodruff
  • York
  • York County

Commercial Loan FAQs in South Carolina

Multifamily interest rates in South Carolina vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 4.83% to 12.85%.

Borrowers in South Carolina 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 South Carolina 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 South Carolina, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.

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

Get A Free Quote

Get a free commercial loan quote. This process does not affect your credit score.

Please put your first name here.
Please put your last name here.
Please put your email here.
Please put your phone number here.
Please select a property type.

Was this page helpful?

What Clients Say About Us

Our Reviews

Unfiltered Reviews
Fernando and Leanne are Amazing

Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever

- Nirav Patel

She Took Care of All My Needs

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.

- Vincent Arias

Commercial Loan Direct Streamlined the Whole Process

We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them

- Rita Pisarski