Commercial Loan Direct (CLD) provides commercial real estate loans in Wisconsin. Current commercial loan rates in Wisconsin range from 5.09% to 12.85% depending on the loan program.
Wisconsin 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 Wisconsin?
Wisconsin 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 Wisconsin
We are proud to be serving the state of Wisconsin. Here are our commercial loan statistics for this state.
Wisconsin Cities and Towns Served
53
Multifamily Commercial Loans in Wisconsin (Summary)
Multifamily financing in Wisconsin 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 focus on debt service coverage ratio (DSCR), occupancy trends, rent stability, borrower experience, and the economic 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 often provide long terms, competitive rates, and higher leverage for qualified borrowers.
- Bank and credit union financing: Local and regional lenders are active throughout Wisconsin and frequently offer 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 financing after stabilization.
- CMBS or debt fund financing: Often used for larger or more complex transactions, offering flexible underwriting but sometimes including stricter prepayment provisions.
- Construction and rehabilitation loans: Used for new development or significant renovations, typically requiring borrower experience, strong financials, and a defined exit strategy.
Key Underwriting Factors
- Cash flow and DSCR: Stable income sufficient to support debt payments is essential.
- Occupancy and rent performance: Historical occupancy levels, collections, and market-supported rent levels are closely evaluated.
- Borrower strength: Net worth, liquidity, and multifamily ownership or management experience influence loan approval and terms.
- Property condition: Deferred maintenance or capital improvement needs may impact loan proceeds or require reserve escrows.
- Market fundamentals: Employment trends, population stability, new construction activity, and submarket demand.
Typical Uses for Multifamily Financing
- Acquisition: Purchase stabilized or transitional apartment properties.
- Refinance: Replace existing debt, improve loan terms, or access equity through cash-out.
- Value-add strategies: Fund unit upgrades, operational improvements, or repositioning.
- Ground-up development: Finance new construction with a plan to refinance after lease-up and stabilization.
Market-Specific Considerations in Wisconsin
Wisconsin’s multifamily demand is concentrated in major markets such as Milwaukee, Madison, Green Bay, and Kenosha. Stable employment in sectors such as healthcare, education, manufacturing, and government supports long-term rental demand. Lenders closely evaluate submarket conditions, including new construction pipelines, affordability levels, and realistic rent growth assumptions, particularly in slower-growth areas.
How to Improve Loan Approval and Terms
- Provide complete financial documentation: Current rent roll, trailing 12-month operating statements, and a capital improvement plan if applicable.
- Support projections with market data: Use local rent and occupancy comparables to justify assumptions.
- Maintain adequate liquidity: Post-closing reserves and operating capital strengthen lender confidence.
- Match financing to the strategy: Bridge loans for transitional properties, long-term agency or bank financing for stabilized assets.
Lending Cities
Commercial loan direct provides services in the following Wisconsin 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.
- Abbotsford
- Adams
- Adams County
- Addison
- Albany
- Algoma
- Allouez
- Alma
- Alto
- Altoona
- Amery
- Amherst
- Antigo
- Appleton
- Arcadia
- Ashford
- Ashland
- Ashland County
- Ashwaubenon
- Athens
- Augusta
- Aztalan
- Baldwin
- Balsam Lake
- Bangor
- Baraboo
- Barneveld
- Barron
- Barron County
- Barton
- Bayfield County
- Bayside
- Beaver Dam
- Belgium
- Belle Plaine
- Belleville
- Bellevue
- Beloit
- Berlin
- Bevent
- Big Bend
- Black Creek
- Black Earth
- Black River Falls
- Blair
- Bloomer
- Bohners Lake
- Bonduel
- Boscobel
- Boyceville
- Brice Prairie
- Brillion
- Bristol
- Brodhead
- Brookfield
- Brooklyn
- Brothertown
- Brown County
- Brown Deer
- Browns Lake
- Brussels
- Buffalo County
- Burlington
- Burnett County
- Butler
- Cadott
- Caledonia
- Calumet County
- Cambridge
- Cameron
- Camp Lake
- Campbellsport
- Cashton
- Cato
- Cedar Grove
- Cedarburg
- Chetek
- Chilton
- Chippewa County
- Chippewa Falls
- Clark County
- Clear Lake
- Cleveland
- Clinton
- Clintonville
- Colby
- Colfax
- Columbia County
- Columbus
- Combined Locks
- Como
- Concord
- Cooperstown
- Cornell
- Cottage Grove
- Crandon
- Crawford County
- Cross Plains
- Cuba City
- Cudahy
- Cumberland
- Dakota
- Dane
- Dane County
- Darien
- Darlington
- De Forest
- De Pere
- Decatur
- Deerfield
- Delafield
- Delavan
- Delavan Lake
- Denmark
- Dickeyville
- Dodge County
- Dodgeville
- Door County
- Douglas County
- Dousman
- Dunn County
- Durand
- Eagle
- Eagle Lake
- Eagle River
- East Troy
- Easton
- Eau Claire
- Eau Claire County
- Edgar
- Edgerton
- Eldorado
- Elkhorn
- Ellsworth
- Elm Grove
- Elroy
- Evansville
- Evergreen
- Fall Creek
- Fall River
- Fennimore
- Fitchburg
- Florence
- Florence County
- Fond du Lac
- Fond du Lac County
- Fontana
- Forest County
- Fort Atkinson
- Fox Lake
- Fox Point
- Franklin
- Franksville
- Frederic
- Fredonia
- French Island
- Friendship
- Galesville
- Genoa City
- Germantown
- Gillett
- Glendale
- Glenmore
- Glenwood City
- Grafton
- Grant County
- Grantsburg
- Green Bay
- Green County
- Green Lake
- Green Lake County
- Greendale
- Greenfield
- Greenwood
- Hales Corners
- Hammond
- Harrison
- Hartford
- Hartland
- Hayward
- Hazel Green
- Hilbert
- Hillsboro
- Hobart
- Holmen
- Horicon
- Hortonville
- Howard
- Howards Grove
- Hudson
- Hurley
- Hustisford
- Independence
- Iola
- Iowa County
- Iron County
- Ixonia
- Jackson
- Jackson County
- Janesville
- Jefferson
- Jefferson County
- Johnson Creek
- Juneau
- Juneau County
- Kaukauna
- Kenosha
- Kenosha County
- Keshena
- Kewaskum
- Kewaunee
- Kewaunee County
- Kiel
- Kimberly
- King
- Kohler
- Kronenwetter
- La Crosse
- La Crosse County
- Lac du Flambeau
- Ladysmith
- Lafayette County
- Lake Delton
- Lake Geneva
- Lake Hallie
- Lake Koshkonong
- Lake Mills
- Lake Nebagamon
- Lake Ripley
- Lake Wazeecha
- Lake Wisconsin
- Lake Wissota
- Lamartine
- Lancaster
- Langlade County
- Lannon
- Legend Lake
- Lincoln County
- Little Chute
- Little Round Lake
- Lodi
- Lomira
- Loyal
- Luck
- Luxemburg
- Madison
- Maine
- Manawa
- Manchester
- Manitowoc
- Manitowoc County
- Maple Bluff
- Marathon
- Marathon County
- Marinette
- Marinette County
- Marion
- Markesan
- Marquette County
- Marshall
- Marshfield
- Mauston
- Mayville
- Mazomanie
- McFarland
- Medford
- Menasha
- Menominee County
- Menomonee Falls
- Menomonie
- Mequon
- Merrill
- Merton
- Middleton
- Milford
- Milton
- Milwaukee
- Milwaukee County
- Mineral Point
- Mishicot
- Mondovi
- Monona
- Monroe
- Monroe County
- Montello
- Monticello
- Mosinee
- Mount Horeb
- Mount Morris
- Mount Pleasant
- Mukwonago
- Muscoda
- Muskego
- Nashotah
- Nashville
- Neenah
- Neillsville
- Nekoosa
- New Berlin
- New Glarus
- New Holstein
- New Lisbon
- New London
- New Richmond
- Newburg
- Niagara
- North Fond du Lac
- North Hudson
- North La Crosse
- North Prairie
- Oak Creek
- Oakfield
- Oconomowoc
- Oconto
- Oconto County
- Oconto Falls
- Okauchee Lake
- Omro
- Onalaska
- Oneida
- Oneida County
- Oostburg
- Oregon
- Orfordville
- Osceola
- Oshkosh
- Osseo
- Outagamie County
- Ozaukee County
- Paddock Lake
- Palmyra
- Pardeeville
- Park Falls
- Pell Lake
- Pepin County
- Peshtigo
- Pewaukee
- Phillips
- Pierce County
- Pittsfield
- Platteville
- Pleasant Prairie
- Plover
- Plymouth
- Polk County
- Port Edwards
- Port Washington
- Portage
- Portage County
- Portland
- Potter Lake
- Powers Lake
- Poynette
- Prairie du Chien
- Prairie du Sac
- Prescott
- Price County
- Princeton
- Pulaski
- Racine
- Racine County
- Randolph
- Random Lake
- Redgranite
- Reedsburg
- Reedsville
- Rhinelander
- Rib Mountain
- Rice Lake
- Richfield
- Richland Center
- Richland County
- Richmond
- Rio
- Ripon
- River Falls
- River Hills
- Roberts
- Rochester
- Rock County
- Rome
- Rosendale
- Rothschild
- Roxbury
- Rusk County
- Rutland
- Saint Croix County
- Saint Croix Falls
- Saint Francis
- Saint Peter
- Salem
- Sauk City
- Sauk County
- Saukville
- Sawyer County
- Schofield
- Seymour
- Sharon
- Shawano
- Shawano County
- Sheboygan
- Sheboygan County
- Sheboygan Falls
- Shell Lake
- Sherwood
- Shorewood
- Shorewood Hills
- Shullsburg
- Silver Lake
- Siren
- Slinger
- Somers
- Somerset
- South Milwaukee
- Sparta
- Spencer
- Spooner
- Spring Green
- Spring Valley
- Stanley
- Stevens Point
- Stoughton
- Stratford
- Strum
- Sturgeon Bay
- Sturtevant
- Suamico
- Sun Prairie
- Superior
- Sussex
- Tainter Lake
- Taylor County
- Theresa
- Thiensville
- Thorp
- Tichigan
- Tomah
- Tomahawk
- Trempealeau
- Trempealeau County
- Turtle Lake
- Twin Lakes
- Two Rivers
- Union Grove
- Vernon County
- Verona
- Vilas County
- Viroqua
- Wales
- Walworth
- Walworth County
- Washburn
- Washburn County
- Washington County
- Waterford
- Waterloo
- Watertown
- Waukesha
- Waukesha County
- Waunakee
- Waupaca
- Waupaca County
- Waupun
- Wausau
- Waushara County
- Wautoma
- Wauwatosa
- West Allis
- West Baraboo
- West Bend
- West Milwaukee
- West Salem
- Westby
- Westfield
- Weston
- Weyauwega
- Whitefish Bay
- Whitehall
- Whitewater
- Whiting
- Williams Bay
- Wind Lake
- Wind Point
- Windsor
- Winnebago County
- Winneconne
- Wisconsin Dells
- Wisconsin Rapids
- Wittenberg
- Wood County
- Woodville
- Wrightstown
Commercial Loan FAQs in Wisconsin
Multifamily interest rates in Wisconsin vary based on loan type, property type, loan-to-value, debt service coverage ratio, borrower strength, and market conditions. They range from approximately 5.09% to 12.85%.
Borrowers in Wisconsin 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 Wisconsin 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 Wisconsin, including Conventional, Insurance, SBA, USDA, and selected agency programs when eligibility requirements are met.
Yes. Refinance options in Wisconsin include rate-and-term and cash-out structures, subject to underwriting, property performance, and lender program guidelines.
