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Multifamily record
Cornerstone Bank, Spencer, MA: multifamily loans made
Cornerstone Bank, Spencer, MA, a bank based in Spencer, MA, made 27 multifamily loans in 2024 and 2025, $26M in all, in 2 states. The typical loan was about $580K, and the largest about $5.6M. Most were in Worcester County, MA.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Multifamily loans
- 27
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $26.0M
- HMDA,
- Rounded amounts
- Typical loan
- $580K
- HMDA,
- Largest loan
- $5.6M
- HMDA,
- Rounded to 2 significant figures
- States
- 2
- HMDA,
Cite this
Source: The Lender Report, Cornerstone Bank, Spencer, MA: multifamily loans made, https://lender.report/lender/cornerstone-bank-ma/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 | Southeastern Connecticut Planning Region, CT | Purchase, 50 to 99 units | $5.6M | HMDA 2025 | |||
| 2025 | Southeastern Connecticut Planning Region, CT | Purchase, 50 to 99 units | $5.6M | HMDA 2025 | |||
| 2025 | Hampden County, MA | Purchase, 5 to 24 units | $2.1M | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $1.1M | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $880K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $840K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $820K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $800K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $480K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $400K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Refinance, 5 to 24 units | $260K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Improvement, 5 to 24 units | $220K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Refinance, 5 to 24 units | $160K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Improvement, 5 to 24 units | $140K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Purchase, 5 to 24 units | $120K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Improvement, 5 to 24 units | $75K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Improvement, 5 to 24 units | $55K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Improvement, 5 to 24 units | $35K | HMDA 2025 | |||
| 2025 | Worcester County, MA | Other purpose, 5 to 24 units | $25K | HMDA 2025 | |||
| 2024 | Worcester County, MA | Purchase, 5 to 24 units | $1.6M | 7.25% | 20 yr | 76% | HMDA 2024 |
| 2024 | Worcester County, MA | Purchase, 5 to 24 units | $1.2M | 6.75% | 20 yr | 66% | HMDA 2024 |
| 2024 | Northeastern Connecticut Planning Region, CT | Purchase, 5 to 24 units | $760K | 7.25% | 20 yr | 75% | HMDA 2024 |
| 2024 | Worcester County, MA | Purchase, 5 to 24 units | $620K | 7.38% | 20 yr | 48% | HMDA 2024 |
| 2024 | Worcester County, MA | Purchase, 5 to 24 units | $600K | 7.5% | 10 yr | 62% | HMDA 2024 |
| 2024 | Worcester County, MA | Purchase, 5 to 24 units | $580K | 7.25% | 20 yr | 72% | HMDA 2024 |
| 27 multifamily loans made in 2024 and 2025 | $26.0M | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| Worcester County, MA | County | 23 | $12.0M |
| Southeastern Connecticut Planning Region, CT | County | 2 | $11.2M |
| Hampden County, MA | County | 1 | $2.10M |
| Northeastern Connecticut Planning Region, CT | County | 1 | $760K |
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 | 21 | $8.83M |
| $1M to $2.5M | 4 | $6.00M |
| $2.5M to $5M | 0 | $0 |
| $5M to $10M | 2 | $11.2M |
| $10M or more | 0 | $0 |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 8 | $6.32M | $620K |
| 2025 | 19 | $19.7M | $400K |
| Purpose | Loans |
|---|---|
| Purchase | 18 |
| Refinance | 3 |
| Improvement | 5 |
| Other purpose | 1 |
| Units | Loans |
|---|---|
| 5 to 24 units | 25 |
| 50 to 99 units | 2 |
- Cornerstone Bank, Spencer, MA made 27 multifamily loans totaling $26M in 2024 and 2025, in 4 named places across 2 states. HMDA,
- It made 19 of them in 2025 and 8 in 2024. HMDA,
- The typical loan was about $580K, with the middle half between $160K and $880K. HMDA,
- The largest was about $5.6M. Every amount is rounded to 2 significant figures. HMDA,
- 21 loans were under $1M, and 2 were $5M or more. HMDA,
- It reported a median rate of 7.25% on 8 loans, with the middle half between 6.88% and 7.38%. HMDA,
- The median term was 20 years. HMDA,
- The median loan to value was 72%. HMDA,
- 11% of the loans were refinancings and 67% were purchases. HMDA,
- The most common property size was 5 to 24 units, with 25 loans. HMDA,
- Its loans were most often in Worcester County, MA (23), Southeastern Connecticut Planning Region, CT (2) and Hampden County, MA (1). HMDA,
What we don't know
- Whether Cornerstone Bank, Spencer, MA 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.