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Multifamily record
National Bank of Commerce: multifamily loans made
National Bank of Commerce, a bank based in Superior, WI, made 51 multifamily loans in 2024 and 2025, $154.5M in all, in 3 states. The typical loan was about $660K, and the largest about $29M. Most were in St. Louis County, MN.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Multifamily loans
- 51
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $154M
- HMDA,
- Rounded amounts
- Typical loan
- $660K
- HMDA,
- Largest loan
- $29M
- HMDA,
- Rounded to 2 significant figures
- States
- 3
- HMDA,
Cite this
Source: The Lender Report, National Bank of Commerce: multifamily loans made, https://lender.report/lender/national-bank-of-commerce-wi/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 | Washington County, MN | Purchase, 100 to 149 units | $29M | 7.39% | 5 yr | 72% | HMDA 2025 |
| 2025 | Crow Wing County, MN | Purchase, 50 to 99 units | $12M | 7.5% | 2 yr | 65% | HMDA 2025 |
| 2025 | Douglas County, MN | Purchase, 50 to 99 units | $12M | 6.6% | 5 yr | 74% | HMDA 2025 |
| 2025 | Washington County, MN | Purchase, 50 to 99 units | $11M | 7.25% | 3 yr | 65% | HMDA 2025 |
| 2025 | La Crosse County, WI | Purchase, 50 to 99 units | $8.4M | 8.5% | 2 yr | 76% | HMDA 2025 |
| 2025 | Douglas County, WI | Refinance, 50 to 99 units | $6.9M | 7% | 1 yr | 74% | HMDA 2025 |
| 2025 | Benton County, MN | Purchase, 100 to 149 units | $4.3M | 7% | 3 yr | 75% | HMDA 2025 |
| 2025 | St. Louis County, MN | Purchase, 25 to 49 units | $4.1M | 7% | 11.5 yr | 80% | HMDA 2025 |
| 2025 | Benton County, MN | Purchase, 50 to 99 units | $3.5M | 7% | 5 yr | 73% | HMDA 2025 |
| 2025 | Minnesota | Purchase, 5 to 24 units | $2.8M | 6.25% | 3 yr | 67% | HMDA 2025 |
| 2025 | Douglas County, WI | Refinance, 5 to 24 units | $2.6M | 7% | 5 yr | 80% | HMDA 2025 |
| 2025 | McLeod County, MN | Purchase, 5 to 24 units | $1.8M | 7% | 5 yr | 72% | HMDA 2025 |
| 2025 | Minnesota | Purchase, 25 to 49 units | $1M | 7% | 6 yr | 61% | HMDA 2025 |
| 2025 | Hennepin County, MN | Purchase, 5 to 24 units | $960K | 7% | 5 yr | 71% | HMDA 2025 |
| 2025 | St. Louis County, MN | Refinance, 25 to 49 units | $800K | 7% | 1 yr | 35% | HMDA 2025 |
| 2025 | St. Louis County, MN | Refinance, 5 to 24 units | $760K | 7% | 5 yr | 33% | HMDA 2025 |
| 2025 | St. Louis County, MN | Refinance, 25 to 49 units | $760K | 7.5% | 10 yr | 24% | HMDA 2025 |
| 2025 | Minnesota | Purchase, 5 to 24 units | $660K | 7.5% | 5 yr | 58% | HMDA 2025 |
| 2025 | Beltrami County, MN | Refinance, 5 to 24 units | $600K | 7.25% | 7 yr | 82% | HMDA 2025 |
| 2025 | St. Louis County, MN | Refinance, 25 to 49 units | $500K | 6.75% | 5 yr | 16% | HMDA 2025 |
| 2025 | St. Louis County, MN | Purchase, 5 to 24 units | $500K | 7.75% | 5 yr | 79% | HMDA 2025 |
| 2025 | St. Louis County, MN | Refinance, 5 to 24 units | $420K | 7% | 5 yr | 66% | HMDA 2025 |
| 2025 | Monroe County, WI | Purchase, 5 to 24 units | $320K | 7% | 5 yr | 83% | HMDA 2025 |
| 2025 | Crow Wing County, MN | Purchase, 5 to 24 units | $260K | 7% | 5 yr | 79% | HMDA 2025 |
| 2025 | St. Louis County, MN | Refinance, 5 to 24 units | $240K | 6.75% | 5 yr | 32% | HMDA 2025 |
| 51 multifamily loans made in 2024 and 2025 | $154M | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| St. Louis County, MN | County | 21 | $19.1M |
| Minnesota | State | 7 | $6.12M |
| Douglas County, WI | County | 6 | $17.9M |
| Benton County, MN | County | 2 | $7.80M |
| Crow Wing County, MN | County | 2 | $12.3M |
| Washington County, MN | County | 2 | $40.0M |
| Beltrami County, MN | County | 1 | $600K |
| Carlton County, MN | County | 1 | $200K |
| Cass County, ND | County | 1 | $8.50M |
| Douglas County, MN | County | 1 | $12.0M |
| Eau Claire County, WI | County | 1 | $18.0M |
| Hennepin County, MN | County | 1 | $960K |
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 | 32 | $13.1M |
| $1M to $2.5M | 4 | $5.00M |
| $2.5M to $5M | 5 | $17.3M |
| $5M to $10M | 5 | $37.1M |
| $10M or more | 5 | $82.0M |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 18 | $47.1M | $620K |
| 2025 | 33 | $107M | $760K |
| Purpose | Loans |
|---|---|
| Purchase | 24 |
| Refinance | 26 |
| Improvement | 1 |
| Units | Loans |
|---|---|
| 5 to 24 units | 30 |
| 25 to 49 units | 7 |
| 50 to 99 units | 9 |
| 100 to 149 units | 4 |
| 150 or more units | 1 |
- National Bank of Commerce made 51 multifamily loans totaling $154.5M in 2024 and 2025, in 17 named places across 3 states. HMDA,
- It made 33 of them in 2025 and 18 in 2024. HMDA,
- The typical loan was about $660K, with the middle half between $260K and $3.5M. HMDA,
- The largest was about $29M. Every amount is rounded to 2 significant figures. HMDA,
- 32 loans were under $1M, and 10 were $5M or more. HMDA,
- It reported a median rate of 7.25% on 51 loans, with the middle half between 7.00% and 7.99%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 66%. HMDA,
- 51% of the loans were refinancings and 47% were purchases. HMDA,
- The most common property size was 5 to 24 units, with 30 loans. HMDA,
- Its loans were most often in St. Louis County, MN (21), Douglas County, WI (6) and Benton County, MN (2). HMDA,
What we don't know
- Whether National Bank of Commerce 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.