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Multifamily record
Bank Midwest: multifamily loans made
Bank Midwest, a bank based in Spirit Lake, IA, made 17 multifamily loans in 2024 and 2025, $69.9M in all, in 3 states. The typical loan was about $1.2M, and the largest about $15M. Most were in Minnesota.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 9, 2026
- Multifamily loans
- 17
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $69.9M
- HMDA,
- Rounded amounts
- Typical loan
- $1.2M
- HMDA,
- Largest loan
- $15M
- HMDA,
- Rounded to 2 significant figures
- States
- 3
- HMDA,
Cite this
Source: The Lender Report, Bank Midwest: multifamily loans made, https://lender.report/lender/bank-midwest-ia/multifamily/, data as of December 31, 2025.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Iowa | Purchase, 50 to 99 units | $15M | HMDA 2025 | |||
| 2025 | Lincoln County, SD | Purchase, 100 to 149 units | $14M | HMDA 2025 | |||
| 2025 | Hennepin County, MN | Purchase, 50 to 99 units | $9.4M | HMDA 2025 | |||
| 2025 | Goodhue County, MN | Purchase, 25 to 49 units | $5.4M | HMDA 2025 | |||
| 2025 | Minnesota | Refinance, 25 to 49 units | $4.4M | HMDA 2025 | |||
| 2025 | Nicollet County, MN | Refinance, 5 to 24 units | $1.4M | HMDA 2025 | |||
| 2025 | McLeod County, MN | Purchase, 5 to 24 units | $1.2M | HMDA 2025 | |||
| 2025 | Minnesota | Purchase, 5 to 24 units | $160K | HMDA 2025 | |||
| 2025 | Minnesota | Purchase, 5 to 24 units | $120K | HMDA 2025 | |||
| 2025 | Brown County, MN | Refinance, 5 to 24 units | $55K | HMDA 2025 | |||
| 2025 | McLeod County, MN | Improvement, 5 to 24 units | $35K | HMDA 2025 | |||
| 2025 | Minnesota | Improvement, 50 to 99 units | $35K | HMDA 2025 | |||
| 2024 | Brown County, SD | Purchase, 150 or more units | $11M | HMDA 2024 | |||
| 2024 | Minnesota | Purchase, 25 to 49 units | $6.9M | HMDA 2024 | |||
| 2024 | Minnesota | Purchase, 5 to 24 units | $520K | HMDA 2024 | |||
| 2024 | Minnesota | Purchase, 50 to 99 units | $260K | HMDA 2024 | |||
| 2024 | Minnesota | Refinance, 5 to 24 units | $55K | HMDA 2024 | |||
| 17 multifamily loans made in 2024 and 2025 | $69.9M | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| Minnesota | State | 8 | $12.4M |
| McLeod County, MN | County | 2 | $1.24M |
| Brown County, MN | County | 1 | $55.0K |
| Brown County, SD | County | 1 | $11.0M |
| Goodhue County, MN | County | 1 | $5.40M |
| Hennepin County, MN | County | 1 | $9.40M |
| Iowa | State | 1 | $15.0M |
| Lincoln County, SD | County | 1 | $14.0M |
| Nicollet County, MN | County | 1 | $1.40M |
A county is named only where the public file holds 5 or more multifamily loans there in the year; otherwise the metro area or the state is.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $1M | 8 | $1.24M |
| $1M to $2.5M | 2 | $2.60M |
| $2.5M to $5M | 1 | $4.40M |
| $5M to $10M | 3 | $21.7M |
| $10M or more | 3 | $40.0M |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 5 | $18.7M | $520K |
| 2025 | 12 | $51.2M | $1.4M |
| Purpose | Loans |
|---|---|
| Purchase | 11 |
| Refinance | 4 |
| Improvement | 2 |
| Units | Loans |
|---|---|
| 5 to 24 units | 8 |
| 25 to 49 units | 3 |
| 50 to 99 units | 4 |
| 100 to 149 units | 1 |
| 150 or more units | 1 |
- Bank Midwest made 17 multifamily loans totaling $69.9M in 2024 and 2025, in 9 named places across 3 states. HMDA,
- It made 12 of them in 2025 and 5 in 2024. HMDA,
- The typical loan was about $1.2M, with the middle half between $120K and $6.9M. HMDA,
- The largest was about $15M. Every amount is rounded to 2 significant figures. HMDA,
- 8 loans were under $1M, and 6 were $5M or more. HMDA,
- 24% of the loans were refinancings and 65% were purchases. HMDA,
- The most common property size was 5 to 24 units, with 8 loans. HMDA,
- Its loans were most often in McLeod County, MN (2), Brown County, MN (1) and Brown County, SD (1). HMDA,
What we don't know
- Whether Bank Midwest is taking new multifamily loans today.
- Its minimum or maximum loan, its fees and its other terms. HMDA reports the rate, term and loan to value, and this page shows what it reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
Place is a county only where the public file holds 5 or more multifamily loans of that year there, otherwise the metro area or the state. Amounts are rounded to 2 significant figures and HMDA has a year, never a date.
HMDA covers dwelling-secured loans. Manufactured-home parks are left out of every count.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.