Commercial Loan Direct (CLD) provides commercial real estate loans in Arkansas. Current commercial loan rates in Arkansas range from 5.14% to 12.9% depending on the loan program.
Arkansas 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 Arkansas?
Arkansas 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 Arkansas
We are proud to be serving the state of Arkansas. Here are our commercial loan statistics for this state.
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The Arkansas multifamily financing market in 2026 is characterized by stability and a strong emphasis on preservation. While larger markets nationally are dealing with massive supply gluts, Arkansas metros like Little Rock, Northwest Arkansas (Fayetteville-Bentonville), and Jonesboro have maintained more balanced fundamentals. Financing is currently driven by a mix of competitive federal agency products and high-subsidy state programs aimed at addressing the affordability gap in both urban and rural corridors.
Key Financing Sources and Programs
In Arkansas, the Arkansas Development Finance Authority (ADFA) serves as the primary engine for specialized multifamily capital, often working in tandem with federal lenders.
- Low-Income Housing Tax Credit (LIHTC): This remains the bedrock of affordable development. The 2026 Qualified Allocation Plan (QAP) has allocated approximately $9 million in 9% credits. Notably, the state offers a State LIHTC equal to 20% of the federal amount, though it is highly competitive with a total annual cap of $250,000.
- HOME Investment Partnerships Program: ADFA provides significant gap financing through the HOME program. For 2026, applicants can request up to $3,000,000. Interest rates are tiered for affordability: 1% for loans up to $2 million and 2% for loans between $2 million and $3 million, typically featuring deferred payments for the first year.
- National Housing Trust Fund (NHTF): Geared toward extremely low-income households (30% AMI), the NHTF offers 0% interest loans for up to $1,000,000 with a 30-year affordability period.
- Fannie Mae & Freddie Mac: Agency debt is the standard for stabilized properties. As of February 2026, Fannie Mae Small Loans ($1M–$9M) and Freddie Mac Small Balance loans are quoting rates between 5.61% and 7.71%, offering non-recourse terms and up to 30-year amortization.
Market Trends and Economic Drivers
Arkansas is seeing a unique blend of corporate-driven growth and rural preservation needs:
- The "Walmart/Tyson" Effect: Northwest Arkansas continues to see outsized demand due to corporate expansions. Lenders are particularly active in this region, often offering more aggressive terms (lower spreads) compared to more stagnant rural counties.
- Operational Expense Normalization: After several years of volatility, insurance and maintenance costs in Arkansas have begun to stabilize, with insurance increases moderating to the 0-2% range in early 2026, improving Debt Service Coverage Ratios (DSCR).
- HUD Dominance for New Construction: The HUD 221(d)(4) program is highly favored for new builds in Arkansas due to its 40+ year term. Current 2026 rates for this program are ranging from 5.46% to 5.96%.
- Scarcity of New Starts: Following the national trend, Arkansas saw a significant drop in new permits in 2024-2025. This "supply cliff" is expected to drive rent growth and occupancy higher through 2026 and 2027, making existing assets more valuable for refinancing.
Lending Cities
Commercial loan direct provides services in the following Arkansas 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.
- Alexander
- Alma
- Arkadelphia
- Arkansas City
- Arkansas County
- Ash Flat
- Ashdown
- Ashley County
- Atkins
- Augusta
- Austin
- Bald Knob
- Barling
- Batesville
- Baxter County
- Bay
- Beebe
- Bella Vista
- Benton
- Benton County
- Bentonville
- Berryville
- Bethel Heights
- Blytheville
- Bono
- Boone County
- Booneville
- Bradley County
- Brinkley
- Brookland
- Bryant
- Bull Shoals
- Cabot
- Calhoun County
- Calico Rock
- Camden
- Caraway
- Carlisle
- Carroll County
- Cave City
- Cave Springs
- Cedarville
- Centerton
- Charleston
- Cherokee Village
- Chicot County
- Clarendon
- Clark County
- Clarksville
- Clay County
- Cleburne County
- Cleveland County
- Clinton
- Coal Hill
- Columbia County
- Conway
- Conway County
- Corning
- Craighead County
- Crawford County
- Crittenden County
- Cross County
- Crossett
- Dallas County
- Danville
- Dardanelle
- De Queen
- De Witt
- Decatur
- Dermott
- Des Arc
- Desha County
- Diaz
- Dierks
- Dover
- Drew County
- Dumas
- Earle
- East End
- El Dorado
- Elkins
- Elm Springs
- England
- Eudora
- Eureka Springs
- Fairfield Bay
- Farmington
- Faulkner County
- Fayetteville
- Flippin
- Fordyce
- Forrest City
- Fort Smith
- Franklin County
- Fulton County
- Garland County
- Gassville
- Gentry
- Gibson
- Glenwood
- Goshen
- Gosnell
- Grant County
- Gravel Ridge
- Gravette
- Green Forest
- Greenbrier
- Greene County
- Greenland
- Greenwood
- Gurdon
- Hamburg
- Hampton
- Harrisburg
- Harrison
- Haskell
- Hazen
- Heber Springs
- Helena
- Helena-West Helena
- Hempstead County
- Highland
- Holiday Island
- Hope
- Horatio
- Horseshoe Bend
- Hot Spring County
- Hot Springs
- Hot Springs National Park
- Hot Springs Village
- Howard County
- Hoxie
- Hughes
- Huntsville
- Independence County
- Izard County
- Jackson County
- Jacksonville
- Jasper
- Jefferson County
- Johnson
- Johnson County
- Jonesboro
- Judsonia
- Kensett
- Lafayette County
- Lake City
- Lake Hamilton
- Lake Village
- Lamar
- Landmark
- Lavaca
- Lawrence County
- Leachville
- Lee County
- Lepanto
- Lewisville
- Lincoln
- Lincoln County
- Little Flock
- Little River County
- Little Rock
- Little Rock Air Force Base
- Logan County
- London
- Lonoke
- Lonoke County
- Lowell
- Luxora
- Madison County
- Magnolia
- Malvern
- Manila
- Mansfield
- Marianna
- Marion
- Marion County
- Marked Tree
- Marmaduke
- Marshall
- Marvell
- Maumelle
- Mayflower
- McAlmont
- McCrory
- McGehee
- Melbourne
- Mena
- Midway
- Miller County
- Mineral Springs
- Mississippi County
- Monette
- Monroe County
- Montgomery County
- Monticello
- Morrilton
- Mount Ida
- Mountain Home
- Mountain View
- Mulberry
- Murfreesboro
- Nashville
- Nevada County
- Newark
- Newport
- Newton County
- North Crossett
- North Little Rock
- Ola
- Osceola
- Ouachita County
- Ozark
- Paragould
- Paris
- Parkin
- Pea Ridge
- Perry County
- Perryville
- Phillips County
- Piggott
- Pike County
- Pine Bluff
- Piney
- Pocahontas
- Poinsett County
- Polk County
- Pope County
- Pottsville
- Prairie County
- Prairie Creek
- Prairie Grove
- Prescott
- Pulaski County
- Randolph County
- Rector
- Redfield
- Rison
- Rockwell
- Rogers
- Russellville
- Saint Francis County
- Salem
- Saline County
- Scott County
- Searcy
- Searcy County
- Sebastian County
- Sevier County
- Shannon Hills
- Sharp County
- Sheridan
- Sherwood
- Siloam Springs
- Smackover
- Southside
- Springdale
- Stamps
- Star City
- Stone County
- Stuttgart
- Sulphur Springs
- Texarkana
- Tontitown
- Trumann
- Tuckerman
- Union County
- Van Buren
- Van Buren County
- Vilonia
- Waldo
- Waldron
- Walnut Ridge
- Ward
- Warren
- Washington County
- West Crossett
- West Fork
- West Helena
- West Memphis
- White County
- White Hall
- Woodruff County
- Wrightsville
- Wynne
- Yell County
- Yellville
