Apartment Loan in Boston:
Since April 2000, Caffrey & Company LLC has been helping real estate investors nationwide find the best loan product for commercial real estate investment properties. Call for great rates for an apartment loan in Boston. Caffrey & Company LLC has a special focus on Boston apartment loans. The most attractive non-recourse loan terms start at $1,000,000 for multifamily properties. Therefore, if you are looking for low interest rates, a non-recourse loan up to 80% of value (Over $7 million leverage up to 85% is available) you are at the right place. These specialized apartment loan products are available in all of the Boston suburbs including Cambridge and Newton.
Is the Boston Multifamily Market a good area to invest in? Here is some market data as of June 2026:
- Solid economic fundamentals continue to support the Boston apartment market despite upcoming demographic challenges.
- Net migration dropped after welcoming 75,000 total net migrants across 2023 and 2024 combined.
- In-migration will flatten in 2026 and is projected to potentially turn negative starting in 2027.
- Slower job growth and tighter national immigration policies are the primary causes behind this local migration reversal.
- Steady apartment demand keeps property operations stable across the metropolitan area.
- No rapid inventory expansion occurred in Boston, avoiding the oversupply issues seen in many Sun Belt markets.
- Limited land availability remains the defining structural characteristic of the Boston real estate market.
- Slowing western construction could allow net absorption to outpace new deliveries in 2026 for the first time in five years.
- Limited urban development is actively driving growth in and directly around the Central Business District (CBD).
- Notable vacancy compression was recorded in Intown Boston, Cambridge-Somerville, Fenway-Brookline-Brighton, and Quincy during the year ending March.
- Low inventory expansion rates were posted in these high-performing, high-density urban submarkets.
- Strong demand factors like proximity to employment, entertainment, and public transit keep these dense neighborhoods robust.
- Low vacancy rates are expected to hold roughly 100 basis points below the national average due to neighborhood strength.
- 2026 delivery totals will hit the lowest annual slate since 2013, representing just 60 percent of the prior-decade average.
- Geographic supply shifts will concentrate half of new completions in the north, while the western submarkets see the sharpest slowdowns.
Multifamily Loan Underwriting:
Each loan product has unique underwriting requirements. Above all, how the loan data is presented to the lenders can have a negative or positive impact on pricing and loan proceeds. We offer this expert loan underwriting for an apartment building loans in Boston. Therefore, this will help to achieve the best pricing and loan terms for your apartment building or commercial real estate investment.
Free Loan Quote for an apartment building loan:
We encourage our clients to submit key property level data for a free loan underwriting review. This initial loan underwriting normally takes less than one business day for us to respond with several apartment loan options for you to consider. Here is a short list of property level data that would aid in providing a loan quote:
Required Underwriting information needed:
- Last two years and Year-To-Date detailed Profit and Loss statements (in addition a trailing 12-month P&L is best if available) on the apartment complex.
- Current Rent Roll
- Brief narrative description of the property.
- If available a few electronic photos. Or a copy of the real estate agent’s marketing package.
- What is the purpose of the loan? Acquisition, Refinance, cash out, re-position the property (renovations).
Next we will need to understand your investment objectives. How much do you wish to borrower on the apartment complex? Is this a long-term investment or short-term investment? In other words outline your apartment loan in Boston loan request.
We understand the financing of an apartment complex is a very important component of your investment. Therefore, we encourage our client to send us details on the property before finalizing the purchase and sale contract for an indication of the type of loan that might be available to a particular property. We can review and provide some up front multifamily loan options.
Fixed Rate Loan Terms are Available for Multifamily Properties:
Loan terms are available from 3-years up to 35-years (40-years for new construction on loans over $7 million). The Apartment buildings can be Garden Style, High Rise, Age Restricted, Student Housing, Section 8 Tenants and subsidize properties. There must be at least 5-units. If you have several buildings all with five or more apartment units that you wish to place under one loan no problem, the buildings should be within 3 to 5-miles from the other properties for best loan terms.
How long will it take to close the Loan?
The closing process normally takes between 45 and 55 days to close an apartment building loan in Boston. Closing costs vary between loan products. Before you reach for your checkbook we will provide a detailed estimate of the anticipated closing costs. At this stage you will know the loan product, the loan terms, and the anticipated closing costs to allow you to make an informed decision before moving forward.
Want more details and sample interest rates for apartment check out Interest Rates for Apartment Loans also on our web site: Multifamily Loan Interest Rates.
Keep Caffrey & Company in mind when searching for nationwide lender for your Massachusetts apartment property contact Caffrey & Company LLC.
On our web site you can read about specific loan products: www.caffreyloans.com/loan-products, offered by Freddie Mac, Fannie Mae, HUD/FHA, Commercial Mortgage Back Securities (CMBS) and other loan products. Want more details on sample interest rates for apartment check out Interest Rates for Apartment Loans also on our web site: www.caffreyloans.com/apartment-loans.
Have a question please contact
Mike Caffrey
Telephone: (913) 402-7077
Mike@CaffreyLoans.com
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