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Multifamily record
The Northern Trust Company: multifamily loans made
The Northern Trust Company, a bank based in Chicago, IL, made 14 multifamily loans in 2024 and 2025, $199M in all, in 4 states. The typical loan was about $9.6M, and the largest about $60M. Most were in Cook County, IL.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Multifamily loans
- 14
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $199M
- HMDA,
- Rounded amounts
- Typical loan
- $9.6M
- HMDA,
- Largest loan
- $60M
- HMDA,
- Rounded to 2 significant figures
- States
- 4
- HMDA,
Cite this
Source: The Lender Report, The Northern Trust Company: multifamily loans made, https://lender.report/lender/northern-trust-il/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 | Lake County, IL | Other purpose, 150 or more units | $60M | HMDA 2025 | |||
| 2025 | Palm Beach County, FL | Improvement, 150 or more units | $33M | HMDA 2025 | |||
| 2025 | Cook County, IL | Purchase, 50 to 99 units | $17M | HMDA 2025 | |||
| 2025 | Oklahoma County, OK | Refinance, 100 to 149 units | $9.9M | HMDA 2025 | |||
| 2025 | Cook County, IL | Purchase, 25 to 49 units | $9.6M | HMDA 2025 | |||
| 2025 | Cook County, IL | Purchase, 25 to 49 units | $5.9M | HMDA 2025 | |||
| 2025 | Cook County, IL | Purchase, 25 to 49 units | $5.7M | HMDA 2025 | |||
| 2025 | Cook County, IL | Refinance, 50 to 99 units | $4.7M | HMDA 2025 | |||
| 2025 | San Diego County, CA | Purchase, 5 to 24 units | $2.3M | HMDA 2025 | |||
| 2024 | San Diego County, CA | Refinance, 150 or more units | $27M | 7.57% | 3 yr | 56% | HMDA 2024 |
| 2024 | San Diego County, CA | Purchase, 50 to 99 units | $16M | 7.59% | 3 yr | 63% | HMDA 2024 |
| 2024 | Cook County, IL | Purchase, 5 to 24 units | $2.9M | 5.31% | 5 yr | 68% | HMDA 2024 |
| 2024 | Broward County, FL | Purchase, 5 to 24 units | $2.8M | 6.3% | 5 yr | 61% | HMDA 2024 |
| 2024 | Cook County, IL | Purchase, 5 to 24 units | $2.2M | 5.31% | 5 yr | 67% | HMDA 2024 |
| 14 multifamily loans made in 2024 and 2025 | $199M | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| Cook County, IL | County | 7 | $48.0M |
| San Diego County, CA | County | 3 | $45.3M |
| Broward County, FL | County | 1 | $2.80M |
| Lake County, IL | County | 1 | $60.0M |
| Oklahoma County, OK | County | 1 | $9.90M |
| Palm Beach County, FL | County | 1 | $33.0M |
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 | 0 | $0 |
| $1M to $2.5M | 2 | $4.50M |
| $2.5M to $5M | 3 | $10.4M |
| $5M to $10M | 4 | $31.1M |
| $10M or more | 5 | $153M |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 5 | $50.9M | $2.9M |
| 2025 | 9 | $148M | $9.6M |
| Purpose | Loans |
|---|---|
| Purchase | 9 |
| Refinance | 3 |
| Improvement | 1 |
| Other purpose | 1 |
| Units | Loans |
|---|---|
| 5 to 24 units | 4 |
| 25 to 49 units | 3 |
| 50 to 99 units | 3 |
| 100 to 149 units | 1 |
| 150 or more units | 3 |
- The Northern Trust Company made 14 multifamily loans totaling $199M in 2024 and 2025, in 6 named places across 4 states. HMDA,
- It made 9 of them in 2025 and 5 in 2024. HMDA,
- The typical loan was about $9.6M, with the middle half between $2.9M and $17M. HMDA,
- The largest was about $60M. Every amount is rounded to 2 significant figures. HMDA,
- 0 loans were under $1M, and 9 were $5M or more. HMDA,
- It reported a median rate of 6.30% on 5 loans, with the middle half between 5.31% and 7.57%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 63%. HMDA,
- 21% of the loans were refinancings and 64% were purchases. HMDA,
- The most common property size was 5 to 24 units, with 4 loans. HMDA,
- Its loans were most often in Cook County, IL (7), San Diego County, CA (3) and Broward County, FL (1). HMDA,
What we don't know
- Whether The Northern Trust Company 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.