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Multifamily & Apartment Financing in Wyoming

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

Wyoming 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 Wyoming

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

Wyoming Cities and Towns Served

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The multifamily commercial lending landscape in Wyoming for 2026 is defined by a "stabilization phase" following several years of volatility. As a supply-constrained market with high barriers to entry for large-scale development, Wyoming remains a favorable environment for regional banks and federal agency lenders focusing on workforce housing in energy and tourism hubs. Wyoming Multifamily Lending Landscape (2026)

The financing environment in Wyoming is characterized by limited new inventory and high occupancy stability. As of early 2026, lenders are prioritizing stabilized Class B and C assets that cater to the state's essential workforce. While the market is smaller compared to its neighbors, the gap between homeownership costs and rental rates continues to drive strong Debt Service Coverage Ratios (DSCR) for local investors.

Primary Financing Channels and Interest Rates

Lenders in Wyoming utilize a mix of national agency programs and local relationship-based banking to fund multifamily acquisitions and construction.

  • Fannie Mae & Freddie Mac (Small Balance): These remain the most competitive for loans between $1M and $7.5M. As of February 2026, rates typically range from 5.61% to 7.71%, offering non-recourse terms and up to 30-year amortizations.
  • HUD 221(d)(4) & 223(f): For larger projects (over $5M), HUD loans offer the lowest fixed rates, often between 5.46% and 6.00%. These are particularly favored for new construction in growing markets like Cheyenne and Casper due to their 40+ year terms.
  • Regional and Local Banks: Institutions such as First Northern Bank of Wyoming and Jonah Bank provide customized term loans with local decision-making. Conventional rates for stabilized properties currently start as low as 5.18% for top-tier sponsors with 80% LTV.
  • SBA 504 Loans: While typically for owner-occupied business real estate, these are increasingly used for mixed-use multifamily developments where a business occupies a portion of the ground floor, offering rates between 5.45% and 8.95%.

State Support and Development Incentives

The Wyoming Community Development Authority (WCDA) serves as the primary gateway for public-private financing partnerships, especially for projects with an affordable or workforce component.

  • 2026 Qualified Allocation Plan (QAP): The WCDA has modernized the 2026 QAP to emphasize "Readiness to Proceed." Developers can access 9% and 4% Low-Income Housing Tax Credits (LIHTC), with 2026 applications focusing on preservation of existing units and new builds in high-growth energy corridors.
  • HOME Investment Partnerships Program: Provides critical gap financing in the form of long-term, low-interest debt. For 2026, the State of Wyoming anticipates an allocation of approximately $3.5 million to be used alongside private commercial loans.
  • CDBG (Community Development Block Grant): Managed by WCDA, these funds are available for infrastructure and rehabilitation in "non-entitlement" units of government, helping to lower the overall capital requirement for developers in rural towns.

2026 Market Conditions and Underwriting Trends

Financing in Wyoming is currently navigating specific regional economic pressures and legislative advantages:

  • Supply and Demand Imbalance: Wyoming builds some of the fewest multifamily homes nationally. This scarcity ensures that vacancy rates in key submarkets like Laramie County and Natrona County hover around 5%, providing a "safety net" for commercial underwriters.
  • Operating Expense Scrutiny: Lenders are closely monitoring 50% tariffs on steel, aluminum, and copper. In 2026, many construction lenders are requiring a 10% to 15% hard-cost contingency buffer to protect against material price spikes.
  • Property Tax Outlook: Investors are watching the 2026 Homeowner’s Primary Residence Exemption Initiative. While it focuses on primary residences, any shift in the state's 9.5% commercial assessment rate or overall tax revenue could influence local municipal infrastructure support for future multifamily sites.

Lending Cities

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

  • Afton
  • Albany County
  • Antelope Valley-Crestview
  • Arapahoe
  • Bar Nunn
  • Basin
  • Big Horn County
  • Buffalo
  • Campbell County
  • Carbon County
  • Casper
  • Cheyenne
  • Cody
  • Converse County
  • Crook County
  • Douglas
  • Ethete
  • Evanston
  • Evansville
  • Fort Washakie
  • Fox Farm-College
  • Fremont County
  • Gillette
  • Glenrock
  • Goshen County
  • Green River
  • Greybull
  • Guernsey
  • Hoback
  • Hot Springs County
  • Jackson
  • Johnson County
  • Kemmerer
  • Lander
  • Laramie
  • Laramie County
  • Lincoln County
  • Lovell
  • Lusk
  • Lyman
  • Marbleton
  • Mills
  • Moorcroft
  • Moose Wilson Road
  • Mountain View
  • Natrona County
  • Newcastle
  • Niobrara County
  • North Rock Springs
  • Park County
  • Pine Bluffs
  • Pinedale
  • Platte County
  • Powell
  • Rafter J Ranch
  • Ranchettes
  • Rawlins
  • Riverton
  • Rock Springs
  • Saratoga
  • Sheridan
  • Sheridan County
  • Sleepy Hollow
  • South Greeley
  • South Park
  • Star Valley Ranch
  • Sublette County
  • Sundance
  • Sweetwater County
  • Teton County
  • Thermopolis
  • Torrington
  • Uinta County
  • Upton
  • Washakie County
  • Weston County
  • Wheatland
  • Wilson
  • Worland
  • Wright

Commercial Loan FAQs in Wyoming

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

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

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